IRS Warns: Over a Million Eligible Americans Still Need to Claim $1,400 Payment

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The $1,400 stimulus check, part of the American Rescue Plan, was designed to provide much-needed financial relief during the COVID-19 pandemic.

However, recent reports indicate that over a million eligible Americans have yet to claim their checks. With a looming deadline, these individuals risk losing out on this crucial financial support.

What is the $1,400 Stimulus Check?

The $1,400 stimulus check is the third round of economic impact payments released in 2021, aiming to assist Americans struggling during the ongoing economic fallout from the pandemic.

This initiative was part of the broader Recovery Rebate Credit (RRC) program, which included payments based on individual income levels and family size. According to the IRS, these payments were automatically sent to many taxpayers based on their 2020 tax filings.

As stated by IRS spokesperson, “Despite the efforts to ensure everyone receives their payment, some eligible individuals may still have not claimed theirs.”

Who is at Risk of Losing Their Check?

The IRS has identified over a million Americans who have yet to access their $1,400 checks after reviewing their 2021 tax returns. Many of these individuals may not have received automatic payments due to a lack of tax filings or changes in financial status.

Unfortunately, these eligible taxpayers now face a deadline if they wish to receive their checks through the Recovery Rebate Credit.

“Time is running out for those who haven’t claimed their payments,” warns a tax advisor. “It’s crucial to file your taxes as soon as possible to ensure you don’t miss out on this financial support.”

Key Deadline for Claiming Your Stimulus Check

The IRS deadline for claiming the $1,400 stimulus check through the RRC is fast approaching. Taxpayers must file their 2021 federal income tax return by April 18, 2025, to secure their payments. Failure to meet this deadline could result in forfeiting these funds entirely.

To claim the payment, eligible individuals should visit the IRS website or consult with a tax professional to understand their filing requirements. Additional resources, such as the IRS Recovery Rebate Credit Information, can guide taxpayers through the necessary steps.

About William Johnson 368 Articles
Demystifying the world of finance is my mission. As a finance news writer with 7 years of experience, I've covered everything from breaking market news to in-depth analysis of industry trends. I'm here to keep you informed and empowered in your financial journey.

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