Loading...
Market
Will over 10% of eligible recipients report issues receiving Recovery Rebate Credit by March 31, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Surveys and reports from taxpayer advocacy groups
Story
IRS to Distribute $2.4 Billion in Special Payments of Up to $1,400 for Recovery Rebate Credit
Dec 22, 2024, 03:37 PM
The Internal Revenue Service (IRS) is set to distribute approximately $2.4 billion in special payments to around 1 million taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. These payments, ranging up to $1,400 per individual, are intended for those who missed out on one or more of the Economic Impact Payments related to COVID-19 stimulus. The IRS, led by Commissioner Danny Werfel, identified these taxpayers through internal data and is sending the payments automatically this month, with most expected to arrive by late January 2025 via direct deposit or paper check. Eligible recipients will also receive a separate letter notifying them of the payment. Taxpayers who have not yet filed their 2021 returns have until April 15, 2025, to do so and claim the credit.
View original story
Similar markets
0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
Direct Deposit • 25%
Paper Check • 25%
Debit Card • 25%
Other • 25%
Delayed payments • 25%
Incorrect amounts • 25%
Non-receipt of payments • 25%
Other administrative issues • 25%
Yes • 50%
No • 50%
Less than 75% • 25%
75% to 89% • 25%
90% to 99% • 25%
100% • 25%
Less than 250,000 • 25%
250,000 to 500,000 • 25%
500,001 to 750,000 • 25%
More than 750,000 • 25%
California • 25%
Texas • 25%
Florida • 25%
New York • 25%