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Can I use my 2022 economic impact payment to be eligible for a recovery rebate credit

 
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Can I use my 2022 economic impact payment to be eligible for a recovery rebate credit

The EIP economic impact payment IS the Recovery Rebate Credit.  The Recovery Rebate Credit is only if you didn't get the EIP or qualify for more.  

Can I use my 2022 economic impact payment to be eligible for a recovery rebate credit

What?   There was no recovery rebate credit on a 2022 tax return, nor is there a recovery rebate credit for 2023.

 

The recovery rebate credit was available for 2020 or 2021 tax returns, and could be used if you did not receive the stimulus checks sent by the IRS.

 

 

Your eligibility for the stimulus money—-now available as the recovery rebate credit— will depend on your circumstances in 2020 and/or 2021.   If you could be claimed as someone else’s dependent in 2020 or 2021, you are not eligible for the recovery rebate credit now.

 

 

 The first stimulus checks were issued in 2020; the first one was for $1200 for adults and $500 for qualified children dependents under the age of 17.   The IRS was in a hurry to send out those checks so they sometimes used information from your 2019 return to send out the check.  Or sometimes they sent it after you filed your 2020 return.

 

 

The second stimulus was sent in late 2020 or early 2021; that one was $600 per adult and $600 for qualified children dependents under the age of 17.

 

The 3rd stimulus check was $1400 for adults and $1400 for any dependent you claimed, and was sent out in 2021.

 

 

If you did not receive the first or second stimulus check, you can get it by filing a 2020 return and use the recovery rebate credit in Federal Review.   The stimulus amount will show up on line 30 of the Form 1040.

 

If you did not receive the 3rd stimulus check, you can get it by filing a 2021 tax return and use the recovery rebate credit in Federal Review.    The stimulus amount will show up on line 30 of the Form 1040.

 

Check your own bank account for deposits of the stimulus checks, and check your online account with the IRS to see what the IRS shows they sent to you.

 

 

Try checking your online account with the IRS (and if you filed a joint return—check for BOTH of you)

 

https://www.irs.gov/payments/your-online-account

 

 

 

If you need to trace a payment that the IRS says has been issued to you, mail or fax a completed IRS Form 3911, Taxpayer Statement Regarding Refund.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Can I use my 2022 economic impact payment to be eligible for a recovery rebate credit

There was not an economic impact payment (stimulus) in 2022.

 

If you did not receive EIP1 or EIP2 in 2020 or EIP3 in 2021 then you need to file a 2020 or 2021 tax return and complete the Recovery Rebate Credit section of the federal tax return.

Or if the 2020 and 2021 returns have been filed then you need to amend the returns for the Credit.

 

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