The Internal Revenue Service (IRS) has confirmed that it will begin sending $1,400 stimulus checks to nearly 1 million eligible taxpayers starting in January 2025. This initiative is part of a broader recovery effort aimed at providing financial relief following the economic impacts of the COVID-19 pandemic. The checks are expected to provide much-needed assistance to individuals who qualify based on their income and tax filings. According to the IRS, the eligibility criteria remain similar to those established during previous rounds of stimulus payments. The IRS noted, “These payments are vital for helping families who are still struggling to make ends meet.” Eligible individuals will receive the $1,400 payment directly via direct deposit or a mailed check, with the expectation that most payments will reach recipients shortly after the start of the year. On the topic of the Recovery Rebate Credit, the IRS advises taxpayers to keep their tax returns accurate to avoid any delays. In a statement, an IRS spokesperson added, “We want to make sure that eligible families can take full advantage of this credit and receive their payments promptly.” In related news, the IRS is also encouraging individuals to file their taxes as early as possible to ensure they receive all due credits. The agency plans to release further details about eligibility and payment schedules as we get closer to January.
IRS to Issue $1,400 Stimulus Checks to Millions in January 2025
