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Recovery Rebate Credit
I have not received my 1st and 2nd stimulus checks. I applied for my Recovery Rebate Credit when preparing my 2020 income taxes and since I also owe self employment taxes for 2020, this credit is being used to pay these taxes. I thought this money could not be used to pay back income taxes owed?? Is there a way that I can still get this money? Most people got their money before filing taxes and the fact you owe taxes was not part of the calculation.
March 23, 2021
5:26 PM