This article was published by the IRS. The third Economic Impact Payment is different from the first and second payments in several ways. The third Economic Impact Payment is an advance payment of the 2021 Recovery Rebate Credit. The two earlier payments are advance payments of the 2020 Recovery Rebate Credit. Eligible people who didn't get [...]
You’ve probably heard of the Recovery Rebate Credit, which was paid in advance to most people in two rounds of economic impact payments. People who are eligible and received less than the full amounts may claim an additional amount as the Recovery Rebate Credit. However, you must file a 2020 tax return to claim it, even [...]
The 2020 Recovery Rebate Credit was paid in advance to most people in the first two rounds of Economic Impact Payments. If you're like most people who were eligible, you've already received the full amount. If you received the full amount for the first two Economic Impact Payments, do not include any information about your payments [...]
This article was published by the IRS. To help taxpayers, the Internal Revenue Service has announced that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows [...]
Did you know you can set up an online account at IRS.gov to view your tax information? It can save you a lot of time, because you can access your tax information much more quickly using an online account rather than calling the IRS. You can use your online account to look up the amounts of [...]
