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 Recovery Rebate CreditInternal Revenue Service 2020

1040 Instructions Tax 2020-2025 Form

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How form 1040

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Instructions and help about instruction 1040 form

hi everyone it's faisal here from sheriff cpa today i wanted to go over some very important dates uh and some faqs so the irs e-filing officially opens tomorrow february 12th so you can start submitting your tax returns officially tomorrow and what i mean by that is electronically filing so a frequently asked question that i get asked a lot is faisal i never received my stimulus check what do i do so in 2020 the cares act was passed and um if you qualify then you received uh which is known as the economic impact payment so the there was two rounds uh in 2020 uh if you met the eligibility it was twelve hundred dollars um and then in 2021 it was half that so six hundred dollars for um eligible individuals now for whatever reason if you never received your funds or you receive less than what you were supposed to then you can claim uh what is called the recovery rebate credit on your 2020 tax return so the economic impact payments were based off your 2018 in your 2019 tax informati

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