Body Did you miss the deadline to register online for the Economic Impact Payment? You may still be eligible to receive a payment in 2021 if: You did not register online, by mail and did not get a payment in 2020 or, You received a payment, but it wasn’t the full amount of the Economic Impact Payment. The maximum credit is $1,200, or $2,400 if married filing jointly, plus $500 for each qualifying child. Then: When you file a 2020 Form 1040 or 1040SR you may be eligible for the Recovery Rebate Credit. Save your IRS letter - Notice 1444 Your Economic Impact Payment - with your 2020 tax records. You’ll need the amount of the payment in the letter when you file in 2021. The IRS will continue issuing Economic Impact Payments, that are an advance payment of the Recovery Rebate Credit, during the remainder of 2020. You can check your payment status with Get My Payment. Check Your Payment Status Use "Get My Payment" to: Check your payment has been sent Confirm your payment type: direct deposit or by mail Get My Payment Get more information about Economic Impact Payments and the Recovery Rebate Credit Visit our Economic Impact Payments Information Center to find answers to your questions about the Economic Impact Payment and how you may be able to can claim the Recovery Rebate Credit when you file a 2020 Form 1040 or 1040SR. You do not need to complete any information about the Recovery Rebate Credit on your 2020 Form 1040 or 1040-SR if your Economic Impact Payment in 2020 was $1,200 ($2,400 if married filing jointly for 2020) plus $500 for each qualifying child you had in 2020. You received all your recovery rebate in 2020. IRS Partners can visit our Economic Impact Payments: Partner and Promotional Materials page for our latest products to share with clients, stakeholders, customers and constituents. Direct Deposit is the safest and fastest way to receive a payment including a tax refund. Visit the FDIC website for information on where to find a bank that can open an account online and how to choose the right account for you.
