The Internal Revenue Service (IRS) has announced that nearly one million taxpayers will soon receive stimulus payments of up to $1,400 each.
These payments are specifically for individuals who missed claiming the Recovery Rebate Credit (RRC) on their 2021 tax returns.
The IRS introduced this initiative to ensure that people eligible for financial relief during the pandemic receive the money they may have overlooked or missed.
The IRS estimates that the total value of these payments will amount to $2.4 billion.
The funds will be sent out automatically, meaning taxpayers do not need to take any action.
Payments will be delivered either as direct deposits to bank accounts the IRS has on file or as paper checks sent to mailing addresses already registered with the IRS.