IRS to distribute $2.4 billion in automatic stimulus payments to one million Americans

The IRS is set to distribute about $2.4 billion in stimulus payments to around one million Americans over the next two weeks. This money is owed from previous pandemic-related stimulus rounds. Payments will be automatic, meaning eligible taxpayers do not need to file amended returns to receive them. The maximum payment is $1,400, but amounts will vary by individual. Recipients will be notified by mail about their payments. The distribution began in December and is expected to conclude by the end of January.