The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns. These payments aim to assist eligible individuals who missed claiming the credit,

The IRS is paying out $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns.

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mail by a paper check.

Taxpayers don’t have to do anything to get the money that is owed to them. It will automatically be sent either