Roughly 1 Million to Receive Tax Rebates: Here's the Details

This video discusses the recent IRS announcement about tax rebates. Approximately 1 million taxpayers will receive automatic payments for missed Recovery Rebate Credits from their 2021 tax returns. The payments, totaling $2.4 billion, will be sent by late January 2025, with a maximum of $1,400 per individual. The video explains eligibility, payment methods, and includes statements from IRS Commissioner Danny Werfel.