According to the IRS, this round of stimulus checks was established after the agency reviewed internal data showing that many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Rebate Credit, a refundable credit for individual who didn't receive one or more Economic Impact Payments, more commonly known as stimulus payments.
According to the IRS, eligible taxpayers do not need to do anything to receive the stimulus payments, which went out automatically in December and should arrive by late January this year.
The IRS has revealed it will be sending out a new wave of stimulus payments worth $2.4 billion to approximately one million Americans who may have missed out on earlier payments.
5h ago — The European Union introduced fresh measures this week to limit American speech on social media platforms, claiming the move is needed to protect democracy EU lawmakers say the initiative targets
9h ago — Several "book ban" complaints issued during the Biden administration have been dismissed by the U.S. Department of Education, officials said Friday.
2d ago — Britain’s competition regulator launched an investigation into Apple and Google’s mobile ecosystems to assess whether they’re in breach of strict new tech laws.
9h ago — President Trump criticized the EU’s antitrust battles against American tech companies during a virtual appearance at the World Economic Forum.
9h ago — If an agency dedicated to investigating and even reeducating Americans for protected speech isn’t Orwellian, nothing is.