Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mail by a paper check. The IRS is distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. Eligible taxpayers don't have to take any action as the payments will go out automatically this month and should arrive by late January 2025. The maximum amount of the payment will be $1,400 per individual, and the IRS plans to send separate letters to eligible taxpayers notifying them of the special payment.
Source: https://www.wmur.com/article/irs-special-payments-2021-recovery-rebate/63265704