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The payments are only going to taxpayers who qualify for the 2021 Recovery Rebate Credit — particularly individuals who filed a 2021 tax return but who did not claim the Recovery Rebate Credit ...
The IRS said the decision came about after reviewing internal data which showed eligible taxpayers who filed a return did not claim the credit. The Recovery Rebate Credit is a "refundable credit ...
The tax agency said it's disbursing the funds after reviewing internal data that showed many people had filed tax returns but yet didn't claim what is known as the "recovery rebate credit" in 2021.
The IRS said it will send payments to filers who qualified for but didn't claim the 2021 recovery rebate credit. (Eric Gay/AP/File) Editor’s Note: This is an updated version of an article that ...
For example, a single parent whose 2007 adjusted gross income was $90,000, paid more than $600 in 2007 taxes and had two qualifying children received a rebate of $450. The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above ...
The IRS is distributing $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax returns. Taxpayers could get a $1,400 stimulus check by the ...