Transcription of Claiming the Recovery Rebate Credit on a 2020 Tax Return
1 People who are eligible for the 2020 Recovery Rebate Credit have already received it, in advance, in the first two rounds of Economic Impact Payments. Missing first and second payments may only be claimed on a 2020 tax who received the full amounts of the first two Economic Impact Payments do not need to complete any information about the 2020 Recovery Rebate Credit on their 2020 tax Return . Claiming the 2020 Recovery Rebate Credit on a 2020 Ta x R e tu r n People who are eligible andeither didn t receive the firstor second Economic ImpactPayment or received less than thefull amounts may be eligible toclaim the 2020 Recovery RebateCredit. They must file a 2020 taxreturn to claim it even if they don tusually file a tax Return . The eligibility requirements arethe same for the 2020 RecoveryRebate Credit as they were forthe first two Economic ImpactPayments except that the crediteligibility and the Credit amountare based on the individual s 2020tax year information.
2 All first and second Economic ImpactPayments have been sent out by theIRS. See for How to Claimthe 2020 Recovery Rebate Credit byfiling a 2020 tax Return if you have notfiled yet or by amending your 2020 taxreturn if it s already been can securely access theironline account to view their first andsecond Economic Impact Paymentamounts under their tax the 2020 Recovery Rebate CreditPeople received the full amounts of the first two Economic Impact Payments if: Their first Economic Impact Payment was $1,200($2,400 if married filing jointly) plus $500 for eachqualifying child, and Their second Economic Impact Payment was $600($1,200 if married filing jointly) plus $600 for eachqualifying 5486 (Rev. 1-2022) Catalog Number 75344B Department of the Treasury Internal Revenue Service
