The IRS is urging around one million taxpayers to act quickly as they have less than two weeks to claim a tax credit that could provide them with a stimulus payment of up to $1,400. This payment is linked to the Recovery Rebate Credit for individuals who missed out on one or more Economic Impact Payments (EIPs) during the COVID-19 pandemic. While many eligible taxpayers received their payments, there are still those who did not, prompting the IRS to remind them of their opportunity to claim these funds. Taxpayers who have not yet filed their 2021 tax returns can still do so until April 15, 2025, but they must specifically claim the Recovery Rebate Credit to receive the payment. The IRS emphasizes that even if your income was minimal or non-existent, filing a tax return is essential to access these funds. For more details on the credit and filing instructions, taxpayers are encouraged to visit the IRS website.
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