Market
Most common taxpayer issue with unclaimed stimulus payments?
2
Resolution / Starting Odds
Payment not received • 25%
Incorrect amount • 25%
Delayed processing • 25%
Other • 25%
Analysis of IRS and media reports on taxpayer complaints
Story
IRS to Distribute $2.4 Billion in Unclaimed Stimulus Payments to 1 Million Taxpayers
Dec 23, 2024, 06:09 PM
The Internal Revenue Service (IRS) announced that it will automatically distribute special payments of up to $1,400 to approximately one million taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The payments, totaling about $2.4 billion, are intended for individuals who were eligible for pandemic-era stimulus checks but did not receive them or received less than the full amount. Taxpayers will receive separate letters notifying them of these payments, according to the IRS. IRS Commissioner Danny Werfel stated, "Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible." The money will be directly deposited into eligible recipients' bank accounts or sent by paper check, with distribution expected to occur between December 2024 and late January 2025. Taxpayers do not need to take any action to receive these payments.
View original story
Similar markets
Delayed payment • 25%
Non-receipt of payment • 25%
Incorrect payment amount • 25%
Other issues • 25%
Not Received • 25%
Other • 25%
Payment Delays • 25%
Incorrect Amount • 25%
Incorrect amounts • 25%
Delayed payments • 25%
Other administrative issues • 25%
Non-receipt of payments • 25%
No • 50%
Yes • 50%
Mail Delivery Problems • 25%
Tax Return Errors • 25%
Bank Account Issues • 25%
Other • 25%
Mailed Checks • 25%
Direct Deposit • 25%
Prepaid Debit Cards • 25%
Other • 25%
Other • 25%
Funding Delays • 25%
Eligibility Disputes • 25%
Technical Issues • 25%
Debit Card • 25%
Check by Mail • 25%
Other • 25%
Direct Deposit • 25%
75% to 89% • 25%
90% to 99% • 25%
100% • 25%
Less than 75% • 25%