It is only fair that if you did not receive 1 or both of your Recovery Rebate stimulus payments that you receive 1 or both Recovery Rebate Credits on your 2020 Federal Individual Tax Return. Did you receive 1 or both stimulus payments? If not, 1 or 2 credits are available to you on 2020 Federal Individual Tax Return.
If you are not sure if you did or did not claim the credit, simply review Line 30 page 2 of your 2020 Federal Individual Tax Return IRS form 1040.
Please review my Spotify podcast on the subject https://paylesstax.com/2021/03/13/tax-tip-podcast-for-real-estate-professionals-new-coronavirus-stimulus-bill-includes-recovery-rebates-to-individuals-1400/
Also, Please review a WordPress blog post which is directly over the target. https://paylesstax.com/2021/01/30/recovery-rebate-credit/
Missed filing for the Recovery Rebate Credit? If you did, no worry, you may file an Amended 2020 Federal Tax Return.
Please contact the office of Don Fitch Accountancy at (760)567-3110 or Email Don.Fitch@CPA.com if you have any questions or would like additional information.
DON FITCH, CPA
74478 Highway 111 #3
Palm Desert, CA 92260
Toll Free: (877)CPA-Help or (877)272-4357
P.S. My firm is based upon referrals. Please feel free to refer my firm to anyone you know that is looking for a new CPA and/or tax preparer. Thank you in advance.