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Steps to Requesting the IRS for Stimulus Checks Due Using “Refund Recovery Credit” on Tax Return | The State

He “Refund Recovery Credit” is the alternative that eligible Americans have to the first and second stimulus check to claim them at Internal Revenue Service (IRS) in case of not having received one of the payments or both.

The provision authorized under the Coronavirus Aid, Relief and Economic Security Act (CARES) and the COVID-19 Tax Relief Act, is a tax credit against your 2020 income tax.

How to request credit for stimulus check due?

According to the IRS website, eligible individuals who did not receive the full amount of the Economic Impact Payments can claim the Refund Recovery Credit on a 2020 Form 1040 or Form 1040-SR. As part of the process, you must complete the Refund Recovery Credit Sheet in the instructions for Form 1040 and Form 1040-SR.

“Generally, you are eligible to claim the Refund Recovery Credit if you were a U.S. citizen or U.S. resident alien in 2020, cannot be claimed as a dependent of another taxpayer for tax year 2020, and have a tax number. Social Security valid for employment issued before the due date of your 2020 tax return (including extensions), ”the entry on the website states.

Even if you do not file taxes, you can claim the credit

Even if you are not required to file a tax return, you can choose to fill out Form 1040 or Form 1040-SR to claim the Refund Recovery Credit.

The agency reminded Americans that anyone with income of $ 72,000 or less can file their federal tax return electronically for free through the IRS Free File program.

Individuals who received the full amounts of both economic impact payments (first and second stimulus check) do not need to complete the information for the Refund Recovery Credit on their 2020 tax returns. Specifically, the IRS should not claim to the agency if:

  • your first Economic Impact Payment was $ 1,200 ($ 2,400 for married couples filing jointly in 2020) plus $ 500 for each qualifying child you had in 2020
  • her second Economic Impact Payment was $ 600 ($ 1,200 for married couples filing jointly in 2020) plus $ 600 for each qualifying child she had in 2020.

January 15 and credit

It is important that you take into consideration and know the scope of this credit, since this Friday, January 15, is the deadline for the relevant agencies to complete the dispatch of most of the stimulus checks of the second round.

The Supplemental Appropriations in Response and Relief to Coronavirus Act of 2021 approved in the United States Congress in late December stipulates that by today the agencies in charge of the distribution of direct payments to those economically affected by the pandemic must have completed the process in the case of beneficiaries for whom they have information in their files.

If in the following days you do not receive the stimulus payment that corresponds to you, the recommendation of the IRS is to request the money owed through the referred credit. For more information on the “Refund Recovery Credit,” you can visit the IRS website.


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