Recovery Rebate

Forum|Forum|1 year ago
March 27, 2025
1 reply
1 view

I'm looking for a clear answer to a common question about the recovery rebates.

In 2021 I filed jointly with my wife and 2 kids (4 people total), and received $2800 in EIP.

I also checked my transcript/return from 2021, and line 30 is empty and so is the Recovery Rebate Verification.

Questions: was that $2800 amount correct in 2021? If not, do we qualify for the rest based on the info I stated above?

Not A Product Question

DawnC

Level 15

It depends on your 2021 income. The credit amount begins to be reduced at the same income thresholds as the 2020 Recovery Rebate Credits, for example with adjusted gross income of more than $75,000 if filing as single or $150,000 if filing as married filing jointly.

However, the 2021 Recovery Rebate Credit amount is fully reduced to $0 more quickly. For example, individuals can't claim any credit with adjusted gross income of $80,000 or more if filing as single or $160,000 or more for if filing as married filing jointly. Due to these new income limitations, some individuals won't be eligible to claim the 2021 Recovery Rebate Credit even if they received a 2020 stimulus payment.

See IRS FAQs 2021 Recovery Rebate

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fanfare

Level 15

If you use tax software, it will calculate the phaseout and put the rebate for which you are eligible on Line 30

OR you can force Line 30 to the full amount.

IRS reviews returns with an amount on line 30 extremely carefully for eligibility.

JameMAuthor

Level 2

Used Turbo Tax service, but I'm still confused by the line being blank along with the "rebate recovery validation" line being blank. I read online that if line 30 was blank or -0- that we were owed something. Then I read if both line 30 and the" recovery rebate validation" lines were blank, then we got nothing. I just need clarification.