The IRS is distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS.

In a significant move, the IRS is set to distribute approximately $2.4 billion to taxpayers who missed out on their COVID stimulus payments. By the end of January, around one million individuals will receive special payments of up to $1,

The IRS said it's distributing these payments to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns.