The Internal Revenue Service (IRS) is issuing automatic Economic Impact Payment (EIP) refunds to eligible taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns. This initiative, announced in December 2024, is a part of ongoing efforts to provide financial relief stemming from the COVID-19 pandemic. Here’s everything you need to know … Read more
If your wallet is still reeling from the holiday season, the next few weeks might bring some welcome financial relief. The IRS is set to distribute payments of up to $1,400 to nearly one million taxpayers. Here’s a breakdown of who qualifies, what steps you might need to take, and the larger economic policy changes … Read more
The Covid-19 pandemic brought significant financial challenges, leading the U.S. government to issue Economic Impact Payments (EIPs), also called “stimulus checks,” to support individuals and families. These payments were disbursed in three rounds by the IRS and the U.S. Treasury. Now, the IRS has announced a new initiative to simplify the process for taxpayers who … Read more
Millions of Americans still have the chance to claim up to $1,400 in stimulus payments made in 2021 by filing for the Recovery Rebate Credit. This article looks into the Recovery Rebate Credit, its features, eligibility criteria, and how to claim it before the deadline. If you haven’t received the full stimulus check or think … Read more