Trump Weighing Additional Stimulus Payments for Taxpayers
President Trump is contemplating a new round of stimulus checks for taxpayers, amid Elon Musk’s Doge initiative advocating for reduced federal expenditure. The administration is evaluating the potential distribution of checks reaching up to $1,500.
WASHINGTON – The deadline is nearing for several American taxpayers to claim their share of up to $1,400 in stimulus funds from the pandemic relief package implemented in 2021.
The IRS indicates that some Americans may still qualify for the Recovery Rebate Credit, but only for those who have not yet filed their 2021 tax returns.
RELATED: Potential for Stimulus Payments in 2025? Current Insights
Here’s the essential information:
IRS Stimulus Payments: Who Qualifies?
The context:
The Recovery Rebate Credit is designed for individuals who did not receive one or multiple pandemic-related stimulus payments, or who received an amount less than they were entitled to. The IRS has previously communicated that it will distribute approximately $2.4 billion to around 1 million taxpayers who failed to claim the Recovery Rebate Credit on their 2021 tax submissions, as it found many eligible individuals had neglected to claim this credit.
What you need to know:
Eligible taxpayers who submitted their 2021 tax returns but left the Recovery Rebate Credit data field blank or declared it as $0, despite being eligible for the credit, are among those who will receive the payment.
Additional details:
No action is required from eligible taxpayers to obtain these funds. Payments were issued automatically in December and should have been received by most by late January 2025, according to the IRS.
Most recipients should have received the payments either through automatic direct deposit or via a mailed paper check.
FILE – An illustration depicting the dollar on March 17, 2025. (Photo by Cris Faga/NurPhoto via Getty Images)
Taxpayers Who Haven’t Filed Their 2021 Returns May Still Qualify
What you should do:
The IRS has stated that taxpayers who have not yet filed their 2021 tax returns might be eligible for a refund if they file and claim the Recovery Rebate Credit before the April 15, 2025, deadline.
“Eligible taxpayers who did not file must complete a tax return to receive a Recovery Rebate Credit, even if their income from a job, business, or other sources was minimal or nonexistent,” the agency emphasized.
How to Verify if You Claimed the Recovery Rebate Credit on 2021 Returns
Here’s how taxpayers can confirm if they claimed the Recovery Rebate Credit on their 2021 tax returns:
- Examine the tax return: Review your 2021 tax return for any line items associated with the Recovery Rebate Credit. If claimed, it should be indicated there.
- Utilize the IRS Online Account: Log into your IRS Online Account to view your tax records, including any claimed Recovery Rebate Credits.
- Reach out to the IRS: If uncertain, contact the IRS directly for verification. They can assist in confirming whether the credit was claimed on your return.
Source: The information in this article is based on the details shared about the 2021 Recovery Rebate Credit on the IRS website. Reporting is from Cincinnati, and contributions were made by FOX 5 DC.
