The Internal Revenue Service (IRS) has announced that around $2.4 billion worth of automatic payments will be sent out later in December to taxpayers who were eligible for a pandemic-era tax break but didn’t claim the COVID cash.
The move was announced by the IRS in a Dec. 20 press release after internal data revealed that approximately 1 million eligible taxpayers overlooked what’s known as the recovery rebate credit and didn’t claim it on their 2021 tax returns.
