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If you were eligible for a pandemic-era stimulus check but have not claimed it, time is running out. The IRS reminded those who may be eligible for the 2020 Recovery Rebate Credit and who haven ...
The Internal Revenue Service will automatically correct miscalculations taxpayers make when claiming their first and second stimulus checks on their 2020 tax returns.
The Recovery Rebate Credit is a refundable credit for individuals who didn't receive the Economic Impact Payments, also known as stimulus payments, during 2020 and 2021. The IRS announced this initiative after reviewing its internal data and finding that many eligible taxpayers who filed a 2021 tax return didn't claim the credit.
The first batch went to taxpayers who have direct deposit information on file at the IRS, either from their 2019 or 2020 tax or returns from those who used the IRS Non-Filers tool in 2020.
The IRS says the letter will help those who received stimulus payments to determine whether or not they are entitled to — and should — claim the recovery rebate credit on their taxes this year.
The U.S. government issued a series of stimulus payments in 2020 and 2021 to help Americans get through the coronavirus pandemic. By law, the last of those payments was issued no later than Dec ...
The IRS announced on Thursday, Jan. 26 that all third-round Economic Impact Payments have been sent out.However, people can still claim any remaining stimulus money they’re owed on their 2021 ...
As many as 1 million taxpayers will receive a "special" year-end gift from the IRS as the agency deposits pandemic-era stimulus checks worth a total of $2.4 billion directly in their bank accounts ...