2020 Recovery Rebate Credit — Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit

A1. Anyone claiming a Recovery Rebate Credit needs to know their Economic Impact Payment amounts to correctly calculate the credit. Spouses filing a joint return for 2020 need to know the payment amounts for both spouses in order to claim the credit.  

You don’t need to claim the Recovery Rebate Credit on your 2020 tax return if you were issued the full amount of that credit through the first and second round of Economic Impact Payments.  You were issued the full amount of the Recovery Rebate Credit if

  • the first Economic Impact Payment was $1,200 ($2,400 if married filing jointly) plus $500 for each qualifying child you had in 2020; and
  • the second Economic Impact Payment was $600 ($1,200 if married filing jointly) plus $600 for each qualifying child had in 2020.

If you file your return electronically, the tax software will help you accurately figure your Recovery Rebate Credit. Electronic filing is also the fastest way to get your tax refund.  Visit IRS.gov/filing for details about IRS Free File, Free File Fillable Forms, free VITA or TCE  tax preparation sites in your community or finding a trusted tax professional. The Recovery Rebate Credit Worksheet in the Form 1040 and Form 1040-SR instructions can also help  determine if you are eligible for the credit.

A2. You can find the amounts of the Economic Impact Payments in one of the following ways:

  • Your online account. It’s an online IRS application that allows you to securely access your individual account information. The amounts of your Economic Impact Payments are found under the Tax Records tab. The Tax Records tab will show two separate amounts: the amount of your first economic impact payment (some received multiple payments so the amount shown will be the total) and the amount for your second payment. If you and your spouse received joint payments, each of you will need to sign into your own account to retrieve your separate amounts.
     
  • Your Notice 1444, Your Economic Impact Payment, which shows the amount of the first EIP and your Notice 1444-B which shows the amount of the second EIP. If you received joint payments with your spouse, the letters show the total amount of each payment. If you file separate 2020 tax returns, each of you must enter half of amount of the payment.
     
  • Your account transcript, which you can request online or by mail using Get Transcript. You may also call our automated phone transcript service at 800-908-9946 for it be sent by mail or you can submit Form 4506-T. If you received joint payments with your spouse, the transcript shows the total amount of each payment under the primary taxpayer. If you file separate 2020 tax returns, each of you must enter half of amount of the payment.

A3.  There are several possibilities for why your account shows you were issued an Economic Impact Payment even though you did not receive one.

  • Your first Economic Impact Payment was offset for past due child support payments. You are still considered to have received that payment and must include that amount when calculating the Recovery Rebate Credit, such entering it on the applicable line in the worksheet found in the Form 1040 and Form 1040-SR instructions.
  • You were issued an EIP Card and inadvertently discarded it not realizing it was your Economic Impact Payment. You may request a free replacement through MetaBank® Customer Service by calling 800-240-8100 and following the prompts for a lost or discarded card. Please see the Economic Impact Payment Information Center — Topic E: EIP Cards for more information.
  • Your payment was made to a bank account or address you shared with a spouse. 
  • Your payment was returned by the post office or financial institution and hasn’t been credited back to your account yet. See How do I request a Payment Trace to track my Economic Impact Payment?

A4.   You can access your account through a secure login at IRS.gov/account. You can also find the online account application by going to IRS.gov and clicking on View Your Account Information and then click on the Create or view your account button.

First-time users must authenticate their identity through the Secure Access process. Go to Secure Access now to learn about setting up your own online account, and what information to have handy for registration including the ability to receive an activation code by mail within 10 business days if applicable.

If you previously created a Secure Access username and password for the Get Transcript Online, IP PIN or ID Verify online programs, you can use the same username and password when accessing your individual account online.

A5.  When you access your account, go to the Tax Records tab to find the Economic Impact Payment amounts you need for calculating the Recovery Rebate Credit. The first round of payments will show as “Economic Impact Payment” and second round of payments will show as “Additional Economic Impact Payment”. Both amounts should be used to calculate the Recovery Rebate Credit, such as entering them on the applicable lines in the Recovery Rebate Credit Worksheet found in the Form 1040 and Form 1040-SR instructions.

If you file a joint 2020 tax return with the same spouse, combine your amounts to calculate the Recovery Rebate Credit. Otherwise, enter only your portion of the payment when calculating the credit.

A6.  No, your account online will show only your portion of the payments. Your spouse will need to sign into their own account to retrieve their portion of the payments.

A7. The Tax Records tab will show two separate amounts: the amount of the first economic impact payment (some received multiple payments so the amount shown will be the total) and the amount for your second payment.