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After you file
You don't have to do anything. The IRS will reconcile the recovery payment based on your 2020 income tax return. The Recovery Credit Rebate form have 2 questions: "How much was the EIP 1 payment received, if you're married, enter $2,400, and next question was "How much EIP 2 payment received, if you're married, enter $1,200. If you are due for a recovery rebate, you will receive as a credit and will be added to the amount of your refund, if any. The Recovery Rebate Credit is calculated based on the number of qualified dependents under 17 years old plus taxpayer/s on your 2020 Federal income tax return.
March 8, 2021
2:15 PM