A million taxpayers will soon receive up to $1,400 from the IRS. Who are they?

The IRS has announced a plan to distribute Recovery Rebate Credits to 1,000,000 individuals who did not receive their Economic Impact Payments. Each eligible person can receive up to $1400, with payments totaling approximately $2.4 billion. These payments will be sent automatically via direct deposit or paper check. Taxpayers who have not filed their 2021 tax returns may also be eligible, but they must file by April 15th to claim the credit.

What is the maximum amount an individual can receive from the Recovery Rebate Credits?

• $1000

• $1400

• $1200

• $1600

How will eligible individuals be informed about their Recovery Rebate Credit?

• Through a text message

• Through a phone call

• Via a letter in the mail

• By email

What are the two methods through which the payments will be sent?

• Direct deposit and paper check

• Credit card and PayPal

• Cash and money order

• Bitcoin and wire transfer

What is the deadline for taxpayers who haven't filed their 2021 tax returns to claim the credit?

• March 15th

• June 15th

• April 15th

• May 15th

What is the estimated total amount of payments to be distributed?

• $2.0 billion

• $1.4 billion

• $2.4 billion

• $3.0 billion