Hello. I am extremely new to all of this. I filed my taxes for the first time for the 2020 year. I got my refund already. Now I am eligible for the 3rd Stimulus, I got that part. What I am not understanding is that on the IRS website there is something called the 2020 Recovery Rebate Credit. I am not sure what that is, what I need to do to get it or if I am even eligible for it. I didn't file my taxes for 2019, my parents did that. So I'm not sure what to do. Someone please help.
If this is your first year filing I am guessing the stimulus payment will be the only part of the Recovery Act that will be of interest to you, however please follow the link below for more detailed information.
-follow this link for additional information-
Are you filing 2020 as a independent? Did your parents claim you in 2019? If you didn't get the first 2 stimulus checks because you were a dependent in 2019 then you can get them on your return. Check your tax return 1040 line 30 and see if anything got entered. You should get 1200 for the first one and 600 for the second one for 1800. When you filled out your return did you see the questions asking if you got the first 2? There should have been a screen with 2 boxes. If you didn't get either one you were suppose to enter a zero in each box.