Did you miss out on receiving the Recovery Rebate capitalization in 2021?

The IRS just announced its plans to issue the payments starting later this month to 1 million taxpayers who didn’t claim it while filing for their 2021 responsibility returns.

“The IRS announced the special step after reviewing internal data showing many eligible taxpayers who filed a profitability but did not claim the capitalization,” the agency said in a press release.

While most eligible taxpayers received their stimulus checks or capitalization, those who haven’t can expect to receive their 2021 Recovery Rebate capitalization in late January if they didn’t receive a stimulus check before.

Here’s what to recognize.

Holiday deals: Shop this period’s top products and sales curated by our editors.

money management:This flaw in Social safety advantage calculation will expense retirees $120 on average in 2025

How money much will be sent out?

Taxpayers can expect to receive a maximum of $1,400, according to the IRS. A total of $2.4 billion will be sent to those who missed receiving the capitalization.

How do I receive my stimulus remittance?

People do not have to do anything to receive their payments, as they will automatically be sent out to taxpayers in December and will arrive in most cases by late January.

Eligible taxpayers will receive a divide note notifying them of the remittance.

Payments will be automatically direct deposited or sent by a document check, according to the IRS.

The remittance will be direct deposited into the financial institution account provided on the eligible person’s 2023 responsibility profitability or sent to the address of record.

What if I didn’t file my 2021 taxes?

People who didn’t file their taxes in 2021 can still be eligible to receive their stimulus checks, the IRS stated.

But, they only have until April 15, 2025 to “file their returns to claim the capitalization and any other refund they might be owed.”

Who is eligible for the special remittance?

People who placed a $0 on the field for the Recovery Rebate capitalization on their 2021 responsibility forms or left the section blank are eligible for the capitalization.

According to the IRS, those receiving the remittance are “taxpayers where IRS data demonstrates a taxpayer qualifies for the capitalization.”

Julia is a trending reporter for USA TODAY. You can connect with her on LinkedIn, pursue her on X, formerly known as Twitter, Instagram and TikTok: @juliamariegz, or email her at [email protected]