One million taxpayers will be getting up to a $1,400 rebate from the IRS in the coming weeks.
The IRS said the payments will be sent out to taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. The IRS said it made the discovery after going through internal data.
The payments will be directly deposited or sent by check, The Hill reported Tuesday. The payments will go out this month and should be received by the end of January, according to The Hill. Eligible taxpayers will be notified about the payment in a separate letter, the IRS said.
All told, the IRS will be returning to taxpayers about $2.4 billion.
"The IRS continues to work hard to make improvements and help taxpayers," IRS Commissioner Danny Werfel said in a statement. "These payments are an example of our commitment to go the extra mile for taxpayers."
Even taxpayers who never filed a 2021 return could be eligible for the rebate, but they must file before an April 15 deadline, according to The Hill. The payment will be sent to a taxpayer's bank account listed on their 2023 return or address of record, the IRS said.
"If the taxpayer closed their bank account since filing their 2023 tax return, taxpayers do not need to take any action," the IRS wrote. "The bank will return the payment to the IRS and the refund will be reissued to the address of record."