Can I Claim the Recovery Rebate Credit?

If you received each stimulus check in full, you have already received the government support you are entitled to. If, however, you have yet to receive the corona virus stimulus check you were entitled to, you may still be able to claim the Recovery Rebate Credit through Form 1040/1040-SR when you file your tax returns during the 2021 tax season.

The IRS provides a Recovery Rebate Credit Worksheet on its website and with Form 1040/1040-SR to help you work out whether you are eligible to claim this tax credit.

Taxpayers who are eligible to claim this tax credit must have been either a U.S. citizen or a U.S. resident alien during 2020. They also cannot have been claimed as someone else’s dependent deduction for the 2020 tax year. Finally, eligible taxpayers must hold a valid Social Security number for employment purposes.

The Recovery Rebate Credit is claimed through either Form 1040 or Form 1040-SR. This applies to everyone, even those who are not usually required to submit a Federal tax return.

Taxpayers with an annual income of $72,000 or less may file their Federal tax return online for free with the IRS Free File platform.

Free File is an IRS initiative designed to help taxpayers take advantage of advanced tax filing software for free. To get your tax refund faster, you are advised to use an online w2 finder and electronic filing and Direct Deposit as your payment method of choice.

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