According to a press release from the IRS, about $2.4 billion was expected to be distributed in December, and in most cases, the payments would arrive by late January 2025 to the bank account listed on the taxpayer’s 2023 tax return or to the address on record.

The exact amount of the payment will vary but maximum is $1,400 per individual. The total amount distributed by the IRS is $2.4 billion. You could still be eligible for a payment even if you don’t receive one this month.

It’s distributing payments to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns.

Some of those people could be in for a nice surprise on that front, and that is because the IRS is in the process of sending out around $2.4 billion in stimulus payments. That money is slated to be divided among a million Americans.

The IRS announced a $1,400 stimulus check for one million eligible individuals. Discover who qualifies and how these payments will be distributed.