The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them, but that approximately 1 million taxpayers did not claim the credit.

The Internal Revenue Service has sent out a round of automatic payments for eligible taxpayers. Here's how to know if the money will hit your bank account?

The IRS announced eligible U.S. taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax return are in line to receive a stimulus check.

“Most taxpayers eligible for EIPs have already received their EIP or Recovery Rebate Credit,” the website noted. “Qualified taxpayers are those who filed a 2021 tax return, but where the data field for the Recovery Rebate Credit was left blank or was filled out as $0 when the taxpayer was actually eligible for the credit.”

This month, the Internal Revenue Service says it will distribute about $2.4 billion in outstanding stimulus check funds to taxpayers who did not claim a credit

"Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible."

Americans are welcoming the arrival of freshly issued stimulus payments, worth up to $1,400. Why It Matters. An estimated 1 million Americans will be getting a financial boost fro

The IRS is set to distribute federal stimulus checks of up to $1,400 to eligible taxpayers in January 2025. Discover who will miss out on this financial relief.