GREENSBORO, N.C. — This warning is for everyone out there. Folks are getting a text message that looks like it's from the IRS. It says: You are eligible to receive a $1,400 Economic Impact Payment.

GREENSBORO, N.C. — This warning is for everyone out there. Folks are getting a text message that looks like it's from the IRS. It says: You are eligible to receive a $1,400 Economic Impact Payment.

Payments will vary but the maximum amount will be $1,400 per individual. In total, the IRS will be distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on ...

The Recovery Rebate Credit is a refundable credit for individuals who didn't receive the Economic Impact Payments, also known as stimulus payments, during 2020 and 2021.

Congress paused federal student loan payments in 2020 because of the COVID-19-induced recession, giving Americans $260 billion in extra cash to help pay the bills and juice a teetering economy.

The IRS announced on Thursday, Jan. 26 that all third-round Economic Impact Payments have been sent out. However, people can still claim any remaining stimulus money they're owed on their 2021 ...

The Economic Impact Payment is not considered to be taxable income. "And you shouldn't report it as income on your 2021 federal income tax return," according to Letter 6475.

How Do I Know if I Received an Economic Impact Payment? If you aren't sure whether you received a 2021 stimulus payment or how much it was, the IRS is making it easy to find out.

The Internal Revenue Service disbursed more than 1.8 million additional Economic Impact Payments totaling over $3.5 billion under the American Rescue Plan in the past two weeks. The IRS and the ...