The Biden-Harris administration’s Internal Revenue Service (IRS) greenlit roughly $2.4 billion in automatic stimulus payments that will be disbursed to eligible Americans by late January.
The IRS is issuing the payments to Americans who did not claim the Recovery Rebate Credit on their 2021 tax returns and did not receive the economic stimulus payments sent out during the COVID-19 pandemic, according to a Dec. 20 press release. The spending announcement came with just weeks remaining in President Joe Biden’s term.
While the payment amounts vary, the maximum payment is $1,400 per individual. The IRS announced the first round of automatic stimulus checks in March 2020, which were paid out through the following month. (RELATED: Lame Duck Biden Imposes New Russian Sanctions Now That Energy Prices, Ukraine War Escalation Won’t Hurt Dems)
(Photo by J. David Ake/Getty Images)
…
