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North America
The IRS is distributing approximately $2.4bn to taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns. By the end of January, around 1m taxpayers will receive special payments of up to $1,400. IRS Commissioner Danny Werfel stated, “Looking at our internal data, we realized that 1m taxpayers overlooked claiming this complex credit when they were actually eligible.” Eligible individuals will receive automatic payments without needing to file amended returns. The IRS will notify recipients via letters, and payments will be sent by direct deposit or check. Taxpayers who have not yet filed their 2021 tax returns can still claim the credit by the April 15th 2025 deadline.
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