Questions and Answers about the Third-round Economic Impact Payment — Topic H: Reconciling on Your 2021 Tax Return

These updated FAQs were released to the public in Fact Sheet 2022-22PDF, March 25, 2022.

If you didn't receive, or get the full amount of, the third-round Economic Impact Payment, you may be eligible to claim the 2021 Recovery Rebate Credit and must file a 2021 tax return – even if you don't usually file taxes – to claim it. Your 2021 Recovery Rebate Credit will reduce any tax you owe for 2021 or be included in your tax refund.

If your income is $73,000 or less, you can file your federal tax return electronically for free through the IRS Free File Program. The fastest and most secure way to get your tax refund is to file electronically and have it direct deposited, contactless and free, into your financial account. You can have your refund direct deposited into your bank account, prepaid debit card, or mobile app, and will need to provide routing and account numbers.

If you didn't get the full amounts of the first and second Economic Impact Payments, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return – even if you don't usually file taxes – to claim it. DO NOT include any information regarding the first and second Economic Impact Payments or the 2020 Recovery Rebate Credit on your 2021 return.

Maybe. While you are not required to report the third-round payment on your 2021 return, you may need that information to determine whether you are eligible to claim a 2021 Recovery Rebate Credit on your 2021 tax return. This information will help you if you did not receive a third-round payment or did not receive the total amount for which you are eligible, because you may be eligible to claim the 2021 Recovery Rebate Credit when you file your 2021 tax return.

Securely access your individual IRS online account to view your third Economic Impact Payment amount and look under “Tax Records.”

We are also sending Letter 6475 through March 2022 to the address we have on file for you confirming the total amount of your third-round Economic Impact Payment, including any plus-up payment you received for tax year 2021.

Keep any notices you receive regarding the third-round Economic Impact Payment (including any plus-up payment) with your 2021 tax records. These notices were mailed to each recipient's address on file after the payment was made. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS).

No, the third-round Economic Impact Payment (including any plus-up payment that you might have received) is not includible in your gross income. Therefore, you will not include them in your taxable income on your 2021 federal income tax return or pay income tax on the third payment. It will not reduce your refund or increase the amount you owe when you file your 2021 federal income tax return.

A 2021 payment also will not affect your income for purposes of determining eligibility for federal government assistance or benefit programs.

No, there is no provision in the law that would require individuals who qualified for, and received, a third-round Economic Impact Payment (including a plus-up payment) based on their 2020 or 2019 information, to pay back all or part of the payment if, based on the information reported on their 2021 tax returns, they would have qualified for a lesser amount.