The I.R.S. will begin issuing automatic payments of up to $1,400 to nearly one million eligible taxpayers who overlooked claiming the 2021 Recovery Rebate Credit. These payments, totaling an estimated $2.4 billion, will be sent without the need for taxpayers to amend their filings, based instead on an internal review of past tax data.
Danny Werfel, I.R.S. Commissioner, emphasized that the payments are designed to assist those who may have missed the complex credit while filing in 2021. By recognizing the oversight, the I.R.S. aims to provide relief automatically to those who were eligible but did not claim the benefit, thereby streamlining the process.
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