IRS Economic Impact Payments and the Recovery Rebate Credit

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 [...]

Why the Economic Impact Payment Amount Could Be Different Than Anticipated

This article was published by the IRS. The IRS and Treasury have successfully delivered millions of Economic Impact Payments to Americans so far, and more are on the way. Some Americans may have received a payment amount different than what they expected. Payment amounts vary based on income, filing status and family size. See below for [...]

‘Plus $500 Push’ continues for Economic Impact Payments

This article was published by the IRS. Special alert for VA, SSI recipients who don’t file a tax return and have dependents The Internal Revenue Service has issued a special alert for Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by May 5 if they didn’t file a tax return in 2018 or [...]

New ‘Get My Payment’ Tool Helps People with Economic Impact Payments

This article was published by the IRS. Working with the Treasury Department, the Internal Revenue Service recently unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. With an initial round of more than 80 million Economic Impact Payments hitting bank accounts recently, [...]

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