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Get your taxes done using TurboTax
The Recovery Rebate Credit is only based on your 2020 federal tax return, your filing status and your 2020 AGI.
IRS website for the Recovery Rebate Credit - https://www.irs.gov/newsroom/recovery-rebate-credit
Economic Impact Payments were based on your 2018 or 2019 tax year information. The Recovery Rebate Credit is similar except that the eligibility and the amount are based on 2020 information you include on your 2020 tax return.
March 6, 2021
12:14 PM