To answer your questions:
1 - What is the deadline (last chance) to file an amended return and claim the Recovery Rebate Credit?
- The IRS has not specified a deadline for claiming the Recovery Rebate Credit. Presumably it would be the deadline for filling an amended 2020 return--generally, within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later.
2- If Credit is applied by IRS (it should per the IRS publication) will my refund be mailed by paper check even if I e-file?
- If you had a refund on your original return and it was being deposited directly into your bank account, the refund from the 1040X (including the RRR) will probably also be a direct deposit.
3 - How do I handle the unemployment situation if I amend my return?
- Do not address the unemployment on your amended return. The IRS will adjust returns for taxpayers eligible for up to $10,200 exclusion. Payments for phase 1 are expected to start in May.
