IRS provides revised questions and answers for 2020 Recovery Rebate Credit

IR-2021-246, December 10, 2021

WASHINGTON – The Internal Revenue Service today updated frequently asked questions (FAQs) regarding the 2020 Recovery Rebate Credit PDF (FS-2021-17). Individuals who didn't get the full first and second Economic Impact Payments may be eligible to claim the 2020 Recovery Rebate Credit.

The first and second rounds of Economic Impact Payments were issued in 2020 and early 2021. The first two rounds of Economic Impact Payments were advance payments of the 2020 Recovery Rebate Credit claimed on a 2020 tax return.

Individuals who are missing the first or second stimulus payments should review the revised answers to determine their eligibility and whether they need to claim a Recovery Rebate Credit for tax year 2020. If they're eligible to claim the Recovery Rebate Credit, they will need to file a 2020 tax return if they have not filed yet or amend their 2020 tax return if it's already been processed.

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible

More information about reliance is available.

More information on the Recovery Rebate Credit is available on IRS.gov.

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