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FAQ: Recovery Rebate Credit

2022 – 01/10  The IRS recently updated and added new FAQs on the 2020 Recovery Rebate Credit. Specifically, Question F4 provides updated information on how taxpayers can access their online accounts. Three new questions (F8, F9 and F10) discuss: when and how to request a payment trace for an Economic Impact Payment (EIP) that was issued, but not received by an eligible taxpayer; how to return a direct deposit or paper EIP; and how to return an EIP issued on a debit card when the recipient doesn’t want the payment reissued. For more information: http://bit.ly/3r6Wvu6

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