This post is in regards to the $600 Impact Stimulus Payment.
I lost my $600.00 Stimulus check. At first, I contacted the IRS but they didn't have any details on next steps. Recently, I reached out and the IRS agent said I need to amend my taxes for the tax year.
Which taxes are they referring to? 2021 or 2020?
I received a tax refund for both years, 2020 and 2021. Which tax year do I need to amend to report I lost the $600.00 refund?
I reported to the IRS I lost the refund.
You'll need to sign in or create an account to connect with an expert.
The second Economic Impact Payment was $600 ($1,200 if married filing jointly for 2020) plus $600 for each qualifying child you had in 2020.
The second Economic Impact Payment was reconciled on the 2020 Federal 1040 tax return. The 2020 Federal 1040 tax return would need to be amended to receive the second Economic Impact Payment as a Recovery Rebate Credit.
See IRS FAQ here under Recovery Rebate Credit Topics view Topic G Correcting Issues after the 2020 tax return is filed.
IRS FAQ A8 here states:
If a trace is initiated and the IRS determines that the check wasn’t cashed, the IRS will credit your account for that payment, but the IRS cannot reissue your payment. Instead, you will need to claim the 2020 Recovery Rebate Credit on your 2020 tax return if eligible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mMIK45
New Member
christybarcelo83
New Member
Jbrooksnw
New Member
gavronm
New Member
sacap
Level 2