Stimulus Check Credit Payments 2025: The Recovery Rebate Credit is a refundable tax credit for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments. The IRS is issuing these payments automatically to eligible taxpayers between December 2024 and January 2025.
Who Is Receiving These Payments?
- Individuals who did not claim the Recovery Rebate Credit on their 2021 tax return.
- Those who qualified for a stimulus payment but never received it.
- No action is required from eligible taxpayers to receive this payment.
When Will the Payments Be Sent?
- The IRS began sending payments in December 2024.
- Most eligible taxpayers will receive their payment by late January 2025.
How Will Payments Be Sent?
- Direct deposit to the bank account listed on the taxpayer’s 2023 tax return.
- Paper check sent to the address of record if no bank account is on file.
- IRS letter notification will be sent separately to confirm payment.
What If You Haven’t Filed a 2021 Tax Return?
If you haven’t filed a 2021 tax return but believe you’re eligible for the Recovery Rebate Credit, you must:
- File your 2021 tax return by April 15, 2025, to claim your credit.
- Even if you had little or no income, you could still be eligible for a refund.
What If Your Bank Account Is Closed?
- If your bank account is closed since filing your 2023 tax return, you don’t need to take action.
- The bank will return the payment to the IRS, and the refund will be reissued as a paper check to your registered address.
The IRS is automatically issuing Recovery Rebate Credit payments to eligible taxpayers who did not receive their 2021 stimulus payment. If you qualify, expect your payment by late January 2025. If you haven’t filed a 2021 tax return, you still have time to do so before the April 15, 2025 deadline.
FAQ’s
What is the Recovery Rebate Credit?
The Recovery Rebate Credit is a refundable tax credit for individuals who did not receive one or more Economic Impact Payments (EIP), also known as stimulus payments.
Who is eligible for the Recovery Rebate Credit?
Individuals who did not claim the credit on their 2021 tax return and those who qualified for a stimulus payment but never received it.
Do I need to take any action to receive my payment?
No, the IRS is automatically issuing payments to eligible taxpayers by direct deposit or check.
When will the IRS send the Recovery Rebate Credit payments?
Payments are being issued between December 2024 and January 2025.
What if I haven’t filed a 2021 tax return?
You must file a 2021 tax return by April 15, 2025, to claim the Recovery Rebate Credit and any other eligible refunds.
