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The IRS knows the 3rd stimulus was sent to you so they will adjust your 2021 tax return accordingly. Any tax refund you are owed will probably be delayed by several weeks or longer.
There is no need to amend the 2021 tax return that was filed.
Thank you for answering. Yes, I thought so. But looking at the amount, the third stimulus is in my federal return. Will I owe money to the government, if they accidentally gave me twice? If so what is the interest?
@laura_k-1120- wrote:
Thank you for answering. Yes, I thought so. But looking at the amount, the third stimulus is in my federal return. Will I owe money to the government, if they accidentally gave me twice? If so what is the interest?
No, the IRS will not give you a Recovery Rebate Credit if you already received the 3rd stimulus. They will remove the $1,400 from your tax return which will reduce any federal refund you were owed or it may mean you have taxes owed. The IRS will send you a letter in the mail explaining the changes they made. And if you have taxes owed will send you a bill.
There are no interest or penalties if the taxes owed are paid on or before April 18, 2022.
Thank you so much:)
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