As of late January 2025, the Internal Revenue Service (IRS) is issuing the final batch of $1,400 stimulus checks to eligible taxpayers who filed a 2021 tax return but did not claim the Recovery Rebate Credit (RRC).
This initiative aims to ensure that all qualifying individuals receive their entitled Economic Impact Payments (EIPs) from the COVID-19 relief efforts.
Details of the IRS Stimulus Payments
- Eligibility: Taxpayers who filed a 2021 tax return and were eligible for the RRC but did not claim it.
- Payment Amount: Up to $1,400 per individual.
- Distribution Method: Automatic payments via direct deposit or paper checks, based on the taxpayer’s 2023 tax return information.
- Timeline: Payments began in December 2024 and are expected to be completed by late January 2025.
The IRS has emphasized that no additional action is required from eligible taxpayers to receive these payments. Recipients will also receive a separate letter notifying them of the payment details.
Deadline for Claiming the Recovery Rebate Credit
For those who have not yet filed their 2021 tax returns, there is still an opportunity to claim the RRC.
The IRS has set a deadline of April 15, 2025, for taxpayers to file their 2021 returns and claim any eligible credits or refunds. This includes individuals who may have had minimal or no income during that year.
Alaska’s Permanent Fund Dividend (PFD) Payments
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