I filed my 2020 tax return before the stimulus program was announced. I received the first stimulus payment, my tax refund and the third stimulus payment. I called the IRS help number and reported this but have not received any word. I understand that I must ask for a "recovery rebate credit" but how do I start the process if I've already filed my return?
The way to get the 2nd stimulus is by using the recovery rebate credit on a 2020 tax return. If you did not use that credit when you prepared your 2020 return you will have to wait for your 2020 return to be fully processed and then amend it to use the credit. First---look at your 2020 Form 1040. Do you have an amount on line 30?
Select your tax year for amending instructions:
Even during “normal” times it takes about four months for the IRS to process an amended return. During the pandemic and due to the severe backlog at the IRS it is taking much longer—six months or more for many amended returns. Do not expect quick results from amending. When the IRS issues a refund for an amended return it will be by check. They do not make direct deposits for refunds for amended returns. You can watch for information here:
The stimulus check is an advance on a credit you can receive on your 2020 tax return. If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021
The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040.
Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.
Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.