Eligible taxpayers can claim the recovery rebate credit

The IRS has issued IR-2021-38, which states that all legally permitted first and second round economic impact payments (EIP) have been issued. The IRS notes that some second round EIPs may still be in the mail. Get My Payment was last updated on Jan. 29, 2021, to reflect the final payments and will not update again for first or second EIP.

If individuals didn’t receive a payment, or if they didn’t receive the full amounts, they may be eligible to claim the recovery rebate credit (RRC) and must file a 2020 tax return. To claim the RRC, individuals will need to know the amounts of any EIP they received, which they can determine by checking their individual online account. For married filing joint individuals, each spouse will need to log into their own account.

If you need additional assistance in claiming your Recovery Rebate Credit, please call our tax office.

We will be happy to assist.