![]() ![]() Enter the amount in your tax preparation software or in the Form 1040 Recovery Rebate Credit Worksheet to calculate your credit. You will need the tax year(s) and amount(s) of the Economic Impact Payments you received to accurately calculate the Recovery Rebate Credit. Missing third payments may only be claimed on a 2021 tax return.Missing first and second payments may only be claimed on a 2020 tax return.Depending on which advance payment is missing – the first, second or third payment – you will file either a 2020 or 2021 tax return to claim a Recovery Rebate Credit. It is critical that eligible individuals claiming a Recovery Rebate Credit understand that the advance payments applied to different tax years. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |