Overview

• The IRS has set April 15, 2025, as the final deadline for taxpayers to claim the 2021 Recovery Rebate Credit, which includes up to $1,400 per individual.
• Eligibility requires U.S. residency in 2021, a valid Social Security number, and income below $75,000 for single filers or $150,000 for married couples filing jointly.
• Taxpayers who did not file a 2021 tax return can still claim the credit by back-filing before the deadline, even if their income was minimal or nonexistent.
• The IRS began distributing $2.4 billion in automatic payments to eligible taxpayers in December 2024, but over 1 million individuals have yet to claim their share.
• Unclaimed Recovery Rebate Credit funds will revert to the U.S. Treasury if taxpayers fail to act by the April 15 deadline.