Recovery Rebate Credit FAQ’s

recovery rebate credit

What is the Recovery Rebate Credit?

You can claim your missing stimulus payment with the Recovery Rebate Credit. The IRS introduced the Recovery Rebate Credit for eligible taxpayers who did not receive first or second stimulus payment.

This credit was authorized for COVID-19 assistance under the CARES Act. It is an advanced payment which will increase your refund or lower your tax due to the IRS.

What are the requirements?

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What are the Changes for Tax Year 2020?

2020 tax changes

It’s never too early to think about next year’s taxes.

Americans should keep their eyes open for the 2020 tax changes. In order to file your 2020 tax return, it’s important to prepare for what’s next. The IRS has released a draft of the 2020 tax instructions.

Here’s a quick list of the 2020 tax changes to be in tune with the 2021 tax season.

Is our stimulus package taxable?

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Don’t Be Fooled By These IRS Scams

IRS scams 2019

With the upcoming tax season, here are the tax changes for the 2021 tax season.

Scammers are targetting countless innocent taxpayers claiming to be the IRS.

First, these scammers attempt to impersonate IRS agents or organizations affiliated with the IRS, debt collectors, other government employees, and even the police. Once they get a hold of your personal information, they move onto another victim.

Here’s how to spot a fraudulent phone call and how to report it to the real IRS.

How they reach out to you

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