Tag Archives: recovery

What is the Recovery Rebate Credit?

Many taxpayers received Economic Impact Payments during 2020 and 2021 in response to difficult economic conditions caused by the COVID-19 pandemic. If you have not yet received the third payment from the 2021 stimulus, you should be able to claim it on your 2021 tax return but the deadline to do this is April 15th, 2025. The deadline to file a 2020 tax return and claim a 2020 stimulus was May 17th, 2024. Due to the coronavirus epidemic, the U.S. Treasury Department issued an Economic Impact Payment (EIP) to eligible taxpayers twice during the 2020 tax year. The amount of each

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