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Received a 2020 Recovery Rebate Credit different than expected?

In the IRS Issue Number: IR-2021-76, the IRS indicated some of the reason why taxpayers might have received Recovery Rebate Credits (If you did not receive stimulus money and you were entitled to it, the Recovery Rebate is calculated when you file your 2020 tax return). Some of the reasons highlighted by the IRS are:

By |2021-04-19T01:40:53+00:00April 6th, 2021|Categories: Individuals|Tags: , , , |

Did not receive first and second stimulus payment and qualify? Then, claim the Recovery Rebate Credit in your 2020 1040

If you did not get the first and/or second stimulus payments and you qualify based on your income level, then, you still have a chance to receive that money when you file your 2020 tax return. Inside the 2020 tax return, you have to report if you received those payments and the monetary amount. If

By |2021-02-23T21:05:40+00:00February 16th, 2021|Categories: Individuals|Tags: , , , , , , |
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