04/11/2022
COVID Tax Tip 2022-55, April 11, 2022
In 2021, the IRS issued more than 175 million third-round Economic Impact Payments, totaling over $400 billion. Most eligible people already received the full amount of their credit in advance and don't need to include any information about this payment when they file their 2021 tax return.
As required by law, the IRS is no longer issuing third-round Economic Impact Payments. People who are missing a stimulus payment or received less than the full amount may be eligible to claim a recovery rebate credit on their 2021 federal tax return.
To claim a recovery rebate credit, individuals need the amount of their third-round Economic Impact Payment.