In a recent announcement, the IRS revealed plans to distribute automatic payments of up to $1,400 to approximately one million eligible taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns.

The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible individuals who did not claim the Recovery Rebate Credit on their 2021 tax returns. This initiative follows a review of internal data that identified many taxpayers who filed a return but overlooked claiming the credit.