Taxpayers may receive a $1,400 stimulus check later this month. Are you eligible?

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Depending on how taxpayers file their 2021 tax returns later this month, the incentive check could be up to $1,400.

of Internal Revenue Service In December, it announced it would distribute about $2.4 billion — up to $1,400 per individual — in stimulus checks to unclaimed U.S. taxpayers. Recovery discount credit on their 2021 tax returns.

As of 2011 IRSThis round of stimulus checks was instituted after the agency reviewed internal information that many taxpayers who filed their 2021 tax returns did not claim the recovery discount credit, a refundable credit for an individual who did not make one or more economic impact payments. Commonly known as stimulus payments.

Here’s what you need to know about the latest IRS stimulus checks and who’s eligible to receive them.

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Taxpayers who did not claim the recapture deduction credit on their 2021 tax return are eligible for a recent stimulus check.

If taxpayers claimed this credit, they can check their 2021 tax return and check whether they left the Recapture Credit field blank or entered it as $0.

Taxpayers do not need to take action to receive the latest stimulus check. The IRS began sending payments in December and will continue until the end of January.

Eligible taxpayers will receive a letter notifying them of the payment, and payments will be made by direct deposit or mailed by paper check.

A qualified taxpayer can receive up to $1,400, b IRS.

Taxpayers who did not file a 2021 tax return may be eligible for the stimulus check if they file a return and claim the recovery discount credit by April 15. IRS.

Greta Cross is a nationally featured reporter at USA TODAY. Follow her on X and Instagram @gretalcross. A story idea? Email her at gcross@usatoday.com.

This article originally appeared on USA TODAY: The IRS will distribute $1,400 incentive checks through the end of January 2025.