Internal Revenue Service (IRS) has announced the issuance of a $1,400 stimulus check intended for one million citizens who, for various reasons, did not receive this support during previous rounds of Economic Impact Payments (EIP). This measure aims to close an economic gap created after the approval of the third stimulus check, signed by President Joe Biden, as part of initiatives to mitigate the financial effects of the Covid-19 pandemic.
The current stimulus check is part of a series of three payments. The first two rounds were authorized during Donald Trump’s presidency, while the third check was approved at the beginning of Biden’s term. The latter payment aimed to provide economic relief to families affected by the financial consequences of the pandemic.
Where does this stimulus check come from?
However, a review conducted by the IRS revealed that many eligible individuals did not claim their corresponding stimulus check on their tax return through the so-called Recovery Rebate Credit. For this reason, the agency has decided to distribute these payments automatically, without requiring taxpayers to take any additional action.
Payments began to be issued at the end of December 2024 and will continue throughout January 2025. The IRS has confirmed that payments will mainly be made via direct deposits into the eligible taxpayers’ bank accounts. This process ensures a faster and more efficient delivery of the money.
Who is eligible?
Eligibility for receiving this stimulus check is determined by the tax data available in the IRS system. According to IRS Commissioner Danny Werfel, “In an effort to minimize the burden and streamline the process, we are issuing these payments automatically, without people having to file an amended return to receive them.”
It is important for taxpayers to review their eligibility by accessing the Recovery Rebate Credit page on the IRS website. There they can find detailed information about the requirements to claim the credit for the 2020 or 2021 tax years.
How to check the status of your payment
Although the “Get My Payment” app is no longer available, you can securely access your online IRS account to check the status of your previous payments. In the tax records section, you will find information about the amounts received in the three rounds of Economic Impact Payments.
If you are unsure whether you received all the corresponding payments, this tool can help you confirm and resolve any discrepancies. Additionally, if you still have questions, the IRS offers support through its customer service lines.
The economic impact of these checks
For many families, this $1,400 check represents significant relief from the financial challenges left by the past years. This money can be used to cover basic needs, pay off debts, or even save for the future. The IRS’s decision to issue these payments automatically aims to ensure that all eligible taxpayers receive the help they are owed, without facing complicated bureaucratic processes.
The $1,400 IRS stimulus check is a measure aimed at closing the economic gaps created during the pandemic. Thanks to this effort, one million people will be able to receive the financial support they had not previously obtained. If you think you might be eligible, check the available information on the IRS page and make sure you are aware of the process.
This automatic payment not only symbolizes immediate relief for many families but also serves as a reminder of the importance of keeping your tax information up to date and staying alert for any opportunities that may arise in the future.
