Tax Pros Still in Limbo After IRS Tells Millions Who Received State Rebates to Pause Filings
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Tax Pros Still in Limbo After IRS Tells Millions Who Received State Rebates to Pause Filings
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Tax Pros Still in Limbo After IRS Tells Millions Who Received State Rebates to Pause Filings
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Claim a recovery rebate credit if you missed out on a full stimulus payment CNBC 7/01/2021 Darla Mercado, CFP®
The IRS authorized two stimulus payments: A $1,200 payment last spring and a second round of $600 that began going out on Dec. 29, 2020.
Not all households received the full amount they were entitled to. This could be due to several factors, including the taxman basing the payment on a tax year with higher income.
If you didn’t get what you’re owed, you’ll need to claim the recovery rebate credit when you file your 2020 federal income tax return this year. © Provided by CNBC