IRS Fee Deadline In the present day: Final probability to say $1400 stimulus checks, billions in tax refunds

WASHINGTON – The deadline is right here for taxpayers to say their stimulus funds and different unclaimed refunds from the 2021 tax 12 months.

$1,400 stimulus funds for individuals who missed the Restoration Rebate Credit score 

What we all know:

Taxpayers who missed out on their $1,400 stimulus funds have one final probability to say them earlier than the deadline.

The Inside Income Service (IRS) introduced in December 2024 that it could robotically difficulty funds to people who didn’t declare the Restoration Rebate Credit score on their 2021 tax returns. This refundable credit score applies to those that missed a number of Financial Impression Funds (EIPs), generally referred to as stimulus checks.

Though most eligible taxpayers have already acquired their funds, those that have but to file their 2021 returns should qualify. To obtain the funds – as much as $1,400 per individual – taxpayers should file their return and declare the credit score by April 15, 2025. 

The IRS estimates whole funds will attain roughly $2.4 billion.

Extra info from the IRS will be discovered on-line.

READ MORE: $1400 IRS stimulus checks, $1 billion in unclaimed tax refunds & $5000 DOGE checks replace

Greater than $1 billion in unclaimed refunds for tax 12 months 2021

What we all know:

The IRS estimates that greater than $1 billion in refunds stay unclaimed by taxpayers who haven’t filed their 2021 Kind 1040, Federal Earnings Tax Return. The median refund for that 12 months is $781, excluding further credit just like the Restoration Rebate Credit score.

Below federal legislation, taxpayers have three years to file and declare their refunds earlier than the cash is forfeited to the U.S. Treasury. With the deadline quick approaching, taxpayers should file by April 15, 2025, to safe their refunds.

Listed here are extra assets on-line from the IRS.

READ MORE: Deadline approaches to say $1,400 IRS stimulus examine – are you eligible?