The IRS has issued all 2020 Economic Impact Payments (“Stimulus Checks”). Most individuals eligible for the Recovery Rebate Credit have already received the full amount in two rounds of payments, known as Economic Impact Payments. If you didn’t get your Stimulus Check or got less than the full amounts, there’s a way that you can still get your money.
The IRS is offering you a “Recovery Rebate Credit” as a way of getting you the benefit of the Stimulus Check that you did not received. If you’re eligible for the credit, and either the IRS didn’t issue you any Stimulus Check or they issued less than the full amounts, you must file a 2020 tax return to claim the Recovery Rebate Credit even if you are not required to file a tax return for 2020. You will need to know the amount of any Stimulus Checks issued to you to claim the Recovery Rebate Credit. If you’re eligible for the Recovery Rebate Credit on your 2020 tax return, it will be reduced by any Stimulus Checks already issued to you. Always be complete and accurate when you file a return.