The Internal Revenue Service (IRS) has announced a new round of stimulus payments totaling $2.4 billion, aimed at approximately 1 million Americans. These payments are automatic and are being issued to individuals who did not claim the Recovery Rebate Credit on their 2021 tax return but were eligible. Key Details About the 2025 Stimulus Payments…
The IRS has announced that the 2025 tax season will open on Monday, January 27, 2025, which is the first day the IRS will accept paper and electronic tax returns. While early processing may occur for some returns, most taxpayers’ processing will begin on or after this date. The IRS is preparing extensively, and tax…
The Internal Revenue Service (IRS) has announced it will distribute approximately $2.4 billion in stimulus payments to eligible taxpayers who were qualified for the Recovery Rebate Credit (RRC) in 2021 but did not claim it. Around one million taxpayers will receive these payments automatically, either through direct deposit or paper checks, by late January. Who…
