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Under Recovery Credit form, 2 questions must be answered; How much EIP1 received, enter $1,200, and how much was EIP2, enter $600. If you didn't receive it, and you already filed your return, IRS will reconcile it.
In 2020, the IRS issued two Economic Impact Payments as part of the economic stimulus efforts. The first payments were up to $1,200 person and $500 per qualifying child. The second payments were up to $600 per eligible person and $600 per qualifying child. For 2021, eligible taxpayers who did not receive the full amount, can claim it as the Recovery Rebate Credit when filing a 2020 tax return.
March 15, 2021
4:57 PM