Recovery rebate credit
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Recovery rebate credit

How do I apply for the recovery rebate credit for the $600 that is being deposited. I have a different bank account than the one I had when receiving the first stimulus package and need to change this
2 Replies
Level 15

Recovery rebate credit

you should get a paper check.  

 

 

Level 15

Recovery rebate credit

The IRS is only issuing the $600 second payment until January 15. You may receive a check, in which case you can check the IRS website to see when it is issued. (it may take a while to be delivered, of course.)   If no check is issued to you by January 15, you will claim the rebate on your 2020 tax return. The IRS has released a draft version of form 1040 to include the second stimulus payment as well as the first stimulus payment. It will probably take a couple of weeks for that to be fully implemented in TurboTax, so don’t be in a hurry to file this year.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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