The Internal Revenue Service is sending out $2.4 billion in stimulus payments to approximately 1 million eligible taxpayers who didn't receive 2021 COVID recovery relief payments. The big picture: The special payments are as high as $1,

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.

By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS, totaling $2.4 billion.