Millions of Americans may qualify for stimulus payments.

Millions of Americans could be eligible to receive surprise stimulus payments from The Internal Revenue Service (IRS) - with checks up to $1,400.

The IRS has announced that it will be distributing a new round of stimulus payments totaling $2.4 billion to around one million Americans who might not have received previous payments.

The surprising announcement follows the IRS's revelation that approximately one million taxpayers missed out on stimulus funds they were entitled to on their 2021 tax filings, with individual amounts potentially totaling as much as $1,400.

IRS Commissioner Danny Werfel declared that the agency will implement automatic payments to simplify the process for those who qualify.

"In a press release, Werfel stated, 'The IRS is diligently striving to enhance its services and assist taxpayers.'"

"These payments exemplify our dedication to going above and beyond for taxpayers," he added. "Upon reviewing our internal data, we discovered that one million taxpayers missed out on claiming this intricate credit, even though they were eligible."

The IRS has announced that qualifying taxpayers will automatically receive their payments without needing to take any further steps.

Millions of Americans may qualify for an unexpected stimulus payment from the Internal Revenue Service (IRS), with amounts reaching as high as $1,400.

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Millions of Americans may qualify for an unexpected stimulus payment from the Internal Revenue Service (IRS), with amounts reaching as high as $1,400.

The funds will be automatically allocated via direct deposit or paper check, and it is anticipated that the majority of payments will be received by the end of January 2025.

"In order to reduce complications and ensure that eligible taxpayers receive their payments, we are implementing an automatic payment system. This means individuals will not need to navigate the lengthy process of filing an amended tax return to obtain their funds."

Eligible recipients consist of individuals who submitted a tax return for the year 2021 but either did not fill out the Recovery Rebate Credit section or reported a zero amount, despite being qualified to receive the payment.

The Recovery Rebate Credit was associated with the Economic Impact Payments, often referred to as stimulus checks, distributed in 2021.

The IRS will send out notification letters to qualifying recipients to inform them about their forthcoming payment.

The agency highlighted on its website that although the majority of taxpayers qualified for Economic Impact Payments have received their funds, this new program is aimed at individuals who might have overlooked their payments because of misunderstandings related to the Recovery Rebate Credit on their 2021 tax returns.

The IRS has announced plans to distribute a fresh round of stimulus payments totaling $2.4 billion to around one million Americans who may not have received previous payments.

View pictures in App save up to 80% data.

The IRS has announced plans to distribute a fresh round of stimulus payments totaling $2.4 billion to around one million Americans who may not have received previous payments.
The surprising announcement follows the IRS's revelation that approximately one million taxpayers qualified for stimulus payments that went unclaimed on their 2021 tax filings, with individual amounts potentially totaling as much as $1,400.

View pictures in App save up to 80% data.

The surprising announcement follows the IRS's revelation that approximately one million taxpayers qualified for stimulus payments that went unclaimed on their 2021 tax filings, with individual amounts potentially totaling as much as $1,400.

This follows a recent alert from the IRS indicating that some Americans could encounter heightened penalties for underpayment of taxes. 

In June, the IRS revealed that many Americans who file their income taxes quarterly rather than through payroll deductions may encounter significant hikes in penalties for underpayment.

There are strategies to prevent being penalized - however, with second-quarter payments due on June 17, those impacted must act quickly.

Some of the individuals who might fit into this category encompass investors, retirees, entrepreneurs, freelance workers, and others who do not have traditional employment.