Will You Get a $1,400 Tax Stimulus Check? Here’s What You Need to Know — Plus More Tips to Maximize Your Tax Refund

Haven’t filed your 2021 taxes yet? This is your moment to do it — and potentially get a nice big check: April 15, 2025 is the last day you’re able to file and claim the Recovery Rebate Credit, with its rebate check of up to $1,400. 

If you’re among the 1 million qualifying Americans who missed credit in 2021, here’s some very happy news: the IRS is stepping in to ensure you don’t lose out on the money you’re entitled to. 

Here’s everything you need to know about these payments, plus tips to help you maximize your tax refund this year.

Who qualifies for the $1,400 stimulus check?

The IRS is issuing payments to taxpayers who didn’t claim their Economic Impact Payments (stimulus checks) in 2021 through the Recovery Rebate Credit. Originally designed as a self-claimed credit, the IRS is now ensuring eligible taxpayers receive the money they missed out on claiming.

How do you know if you qualify?

You forgot to claim the credit 

Taxpayers who submitted a 2021 return but either left the Recovery Rebate Credit field blank or entered $0 when they were eligible are likely to receive this payment. If you didn’t file a 2021 return, there’s still time to claim your credit. Submit your return before April 15, 2025, to ensure you’re eligible for these missed payments.

You meet income requirements

To qualify, you must meet an income threshold. Here’s the breakdown:

• Single Filers: You qualify for the full $1,400 if your 2021 adjusted gross income (AGI) was $75,000 or lower. The credit phases out for incomes of $75,000 and up, but only a little bit up …it’s fully phased out when income reaches $80,000.

• Married Filing Jointly: Couples qualify for $2,800 if their combined AGI was $150,000 or less. The credit phases out completely at $160,000.

• Dependents: Families can receive $1,400 per dependent, regardless of age, but it’s subject to the same income limits as the primary filer.

How and when will you get paid?

Eligible taxpayers don’t need to take any action to receive these payments. The IRS is automatically depositing them into bank accounts on file or mailing paper checks.

Payments are expected to arrive by late January 2025 in most cases. The IRS will also send a letter to let you know about the payment.

Other ways to maximize your tax refund

If you’re not eligible for this stimulus check, not to worry: there are still plenty of strategies to help boost your tax refund this year:

Claim Overlooked Tax Credits: Many taxpayers miss out on credits like the Earned Income Tax Credit (EITC) or Child Tax Credit, which can significantly increase your refund.

Deduct Your Expenses: Common tax deductions like student loan interest, medical expenses, or home office costs could lower your taxable income and boost your refund.

Upgrade Your Software: MoneyLion offers tools to help you find some of the best online tax prep for your situation — helping to maximize your refund.

Take Charge of Your Finances

Tax season is the perfect time to revisit your financial goals and ensure you’re maxing out every opportunity to save and grow your wealth. Whether you’re claiming missed stimulus payments or looking for tax-free ways to save, MoneyLion has your back with tools and resources designed to make smart money moves simple.

Download the MoneyLion app today and explore resources to help you secure a bright financial future.