Taxpayers could get a $1,400 stimulus check by the end of this month. Are you eligible?

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They may receive a stimulus check of up to $1,400, which will depend on how their 2021 tax returns were filed.

on the 2021 tax returns.

This round of stimulus payments was set up after the agency looked at internal data that showed many eligible taxpayers who filed a 2021 tax return did not claim the Recovery Rebate Credit, a refundable credit for individuals who didn't receive one or more Economic Impact Payments, more commonly referred to as stimulus checks.

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Here is what you need to know about the IRS' latest round of stimulus payments and who is eligible to receive them.

Who is qualified for the most recent IRS stimulus payment?

Individuals who did not claim the Recovery Rebate Credit on their 2021 tax returns are eligible to receive the most recent stimulus payment.

Taxpayers can check if they claimed this credit by reviewing their 2021 tax return and looking for the Recovery Rebate Credit field - either blank or filled in with $0.

How do you apply for the latest IRS stimulus payment for taxpayers?

Taxpayers do not need to take any action to receive their additional stimulus payment. The IRS will be sending out payments automatically throughout December and into late January.

Taxpayers who are eligible will receive a letter informing them about the payment, and the payments will either be deposited directly into their bank accounts or sent to them by mail via a paper check.

What will be the amount of money that taxpayers will receive?

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What if a taxpayer failed to submit the tax return for the 2021 tax year?

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Taxpayers may be eligible to receive a $1,400 stimulus payment by the end of this month.