Final Round Of $1,400 IRS Stimulus Checks Arriving Late January- Alaska’s PFD Payments To Continue

Final Round Of $1,400 IRS Stimulus Checks Arriving Late January- Alaska's PFD Payments To Continue

As of late January 2025, the Internal Revenue Service (IRS) is issuing the final batch of $1,400 stimulus checks to eligible taxpayers who filed a 2021 tax return but did not claim the Recovery Rebate Credit (RRC).

This initiative aims to ensure that all qualifying individuals receive their entitled Economic Impact Payments (EIPs) from the COVID-19 relief efforts.

Details of the IRS Stimulus Payments

  • Eligibility: Taxpayers who filed a 2021 tax return and were eligible for the RRC but did not claim it.
  • Payment Amount: Up to $1,400 per individual.
  • Distribution Method: Automatic payments via direct deposit or paper checks, based on the taxpayer’s 2023 tax return information.
  • Timeline: Payments began in December 2024 and are expected to be completed by late January 2025.

The IRS has emphasized that no additional action is required from eligible taxpayers to receive these payments. Recipients will also receive a separate letter notifying them of the payment details.

Deadline for Claiming the Recovery Rebate Credit

For those who have not yet filed their 2021 tax returns, there is still an opportunity to claim the RRC.

The IRS has set a deadline of April 15, 2025, for taxpayers to file their 2021 returns and claim any eligible credits or refunds. This includes individuals who may have had minimal or no income during that year.

Alaska’s Permanent Fund Dividend (PFD) Payments

Separately, residents of Alaska continue to benefit from the state’s Permanent Fund Dividend (PFD) program, which distributes a portion of the state’s oil revenues to eligible residents.

The Alaska Department of Revenue has announced the following upcoming PFD payment dates:

Payment DateEligibility Check DatePayment Amount
February 20, 2025February 12, 2025$1,702
March 20, 2025March 12, 2025$1,702

To determine eligibility for these payments, residents should check their PFD status online. If the status reads “Eligible-Not Paid” by the specified check date, the payment will be disbursed on the corresponding payment date.

The IRS’s final distribution of $1,400 stimulus checks underscores the agency’s commitment to ensuring that all eligible taxpayers receive their due benefits.

Meanwhile, Alaska’s PFD program continues to provide substantial financial support to its residents, with upcoming payments scheduled for February and March 2025.

Eligible individuals are encouraged to verify their status and ensure all necessary filings are completed promptly to receive these benefits.

FAQs

Who is eligible for the $1,400 IRS stimulus payment?

Taxpayers who filed a 2021 tax return and qualified for the Recovery Rebate Credit but did not claim it are eligible for this automatic payment.

What is the deadline to claim the Recovery Rebate Credit if I haven’t filed my 2021 tax return?

The IRS has set a deadline of April 15, 2025, to file a 2021 tax return and claim the Recovery Rebate Credit.

How can I check my eligibility for Alaska’s PFD payments?

Residents can check their PFD status online. If the status is “Eligible-Not Paid” by the specified check date, they will receive the payment on the corresponding payment date.

Leave a Reply

Your email address will not be published. Required fields are marked *