Stimulus Check 2023: How to Claim Missing Recovery Rebate Credits On 2020-21 Tax Returns

According to Jones, unfortunately, the Internal Revenue Service (IRS) has discontinued issuing the Recovery Rebate Credit on January 26, 2022. However, taxpayers who have not been given the credits or received less than the full amount can still claim them on their 2020 or 2021 tax returns. If tax returns were already filed before, an amended tax return must be filed to receive the Recovery Rebate Credit. The missing credits from the first and second batches can only be claimed on the 2020 tax returns, while those from the third batch can only be claimed on the 2021 tax returns.

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How to Receive the Missing Credits on Stimulus Check 2023

According to Washington, to be able to receive the missing Recovery Rebate Credit on the Stimulus Check 2023, a taxpayer must enter the amount of payments previously received in the Form 1040 Recovery Rebate Credit Worksheet or any tax preparation software. Furthermore, eligibility can be checked through the taxpayer’s IRS account online or the notices mailed by the IRS. The IRS will not calculate the Recovery Rebate Credit if an amount was not entered on the original tax returns. This is because the IRS will consider this as the taxpayer’s decision not to claim the Recovery Rebate Credit.

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