{"id":4127,"date":"2021-01-05T04:03:27","date_gmt":"2021-01-05T04:03:27","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=4127"},"modified":"2021-01-05T15:38:42","modified_gmt":"2021-01-05T15:38:42","slug":"stimulus-check-deadline-recovery-rebate-credit","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/","title":{"rendered":"Missed  Stimulus Check Deadline? Don&#8217;t Worry, You Can Still Claim it as a Credit. Here is How?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-1024x576.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-600x338.webp 600w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-300x169.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-768x432.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-1536x864.webp 1536w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-150x84.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline.webp 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-1024x576.png\" height=\"576\" width=\"1024\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-1024x576.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-600x338.png 600w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-300x169.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-768x432.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-1536x864.png 1536w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline-150x84.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/missed-stimulus-cjeck-deadline.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"wp-image-4165 sp-no-webp\" alt=\"recovery rebate credit\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/figure>\n\n\n\n<p class=\"has-background\" style=\"background-color:#eaf0f3\">The good news for all those, who were eligible for an economic impact payment but did not receive any stimulus check payment or received less than what was owed to them under <em>economic impacts payment<\/em> will be able to claim it as a <strong><em>recovery rebate credit <\/em><\/strong>by filing their income tax return for&nbsp;2020. In effect, these credits will give rise to additional refunds. Given below is the <a href=\"https:\/\/www.irs.gov\/coronavirus\/get-my-payment\" target=\"_blank\" rel=\"noopener\">IRS update<\/a> on such a problem and reassures public that even if the deadline is over, one can claim stimulus amount as recovery rebate credit in Form 1040 04 Fo 1040s<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-1024x475.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-600x279.webp 600w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-300x139.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-768x357.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-150x70.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus.webp 1202w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-1024x475.png\" height=\"475\" width=\"1024\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-1024x475.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-600x279.png 600w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-300x139.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-768x357.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus-150x70.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2021\/01\/irs-update-stimulus.png 1202w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"wp-image-4164 sp-no-webp\" alt=\"recovery rebate credit\" decoding=\"async\" loading=\"lazy\"  > <\/picture><figcaption>https:\/\/www.irs.gov\/coronavirus\/get-my-payment <\/figcaption><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662d9783c889c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662d9783c889c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#IRS_opens_Get_My_Payment_tool\" title=\"IRS opens Get My Payment tool\">IRS opens Get My Payment tool<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#1st_stimulus_check_vs_2nd_stimulus_check_amount\" title=\"1st stimulus check vs 2nd stimulus check amount \">1st stimulus check vs 2nd stimulus check amount <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#Who_can_claim_recovery_rebate_credit\" title=\"Who can claim recovery rebate credit?\">Who can claim recovery rebate credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#Who_can_not_claim_recovery_rebate_credits\" title=\"Who can not claim recovery rebate credits?\">Who can not claim recovery rebate credits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#How_to_know_if_you_are_eligible_to_claim_recovery_rebate_credit\" title=\"How to know if you are eligible to claim recovery rebate credit?\">How to know if you are eligible to claim recovery rebate credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#How_to_claim_recovery_rebate_credit\" title=\"How to claim recovery rebate credit ?\">How to claim recovery rebate credit ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#What_if_one_received_more_of_stimulus_payment_than_recovery_rebate_credit_calculated_on_the_2020_return\" title=\"What if one received more of stimulus payment than  recovery rebate credit calculated on the 2020 return?\">What if one received more of stimulus payment than  recovery rebate credit calculated on the 2020 return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.irstaxapp.com\/stimulus-check-deadline-recovery-rebate-credit\/#Is_the_stimulus_payment_amount_taxable\" title=\"Is the stimulus payment amount taxable ?\">Is the stimulus payment amount taxable ?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IRS_opens_Get_My_Payment_tool\"><\/span>IRS opens Get My Payment tool<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f8e7b7\"><strong>Starting today 4th January 2021 , IRS announced that &#8220;people can check the status of both their first and second payments by using the\u00a0<a href=\"https:\/\/www.irs.gov\/coronavirus\/get-my-payment\" target=\"_blank\" rel=\"noopener\">Get My Payment<\/a>\u00a0tool, available in English and Spanish only on IRS.gov.&#8221;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1st_stimulus_check_vs_2nd_stimulus_check_amount\"><\/span>1st stimulus check vs 2nd stimulus check amount <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under the first stimulus check payment, all eligible individuals were entitled to a payment or credit of up to $1,200 for individuals or $2,400 for married couples filing jointly. Eligible individuals also receive $500 for each qualifying&nbsp;child. <strong>The second stimulus check <\/strong>is fixed at  $ 600 per individual and $1200 for a married couple. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_claim_recovery_rebate_credit\"><\/span>Who can claim recovery rebate credit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If  you are a U.S. citizens living abroad or a resident alien who has SSN and  fulfill any one of the following conditions :<\/p>\n\n\n\n<ul><li>You are eligible but were not issued an Economic Impact Payment, or<\/li><li>Your Economic Impact Payment was less than $1,200 ($2,400 if married filing a joint return) plus $500 for each qualifying child you had in 2020<\/li><\/ul>\n\n\n\n<p>Then you can claim recovery rebate credits .<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_not_claim_recovery_rebate_credits\"><\/span>Who can not claim recovery rebate credits?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Four types of persons are not eligible for claiming recovery rebate credits. These are<\/p>\n\n\n\n<ol id=\"block-c2b96686-6c06-4fa1-9960-cf99182ca0b6\"><li>If someone received an economic impact payment after death of a relative. <\/li><li>If you are nonresident aliens or resident aliens and you do not have SSN .<\/li><li>In case of filing joint return, one of the spouse do not have SSN .Then that spouse can not receive recovery rebate credits and the eligible spouse with an SSN can receive a payment only if filing separately. Please note that there is an exception to this rule . In case , the joint return is filed by couple with one spouse is an active member of the U.S. armed forces and either of them has a valid-for-work SSN.<\/li><li>Any persons who can be claimed by someone else as a dependent.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_know_if_you_are_eligible_to_claim_recovery_rebate_credit\"><\/span>How to know if you are eligible to claim recovery rebate credit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>First, try to calculate the amount of economic impacts payments that you are eligible<em>. <\/em>You can check with the <a href=\"https:\/\/www.irstaxapp.com\/calculator-for-stimulus-check-2020\/\">first stimulus payment calculator <\/a>and a <a href=\"https:\/\/www.irstaxapp.com\/2nd-stimulus-check-amount-find-everything-about-it\/\">2nd stimulus payment calculator<\/a>. Then<em>, refer to IRS Notice 1444 for knowing the payment amount you were issued. Also, check your bank accounts statements to see if any stimulus amounts were directly paid or deposited. If there is a shortfall or you find you did not receive the amount of the economic impact<\/em> at all despite being eligible, you can claim a recovery rebate credit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_claim_recovery_rebate_credit\"><\/span>How to claim recovery rebate credit ?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You need to claim in your Form 1040 or Form 1040-SR. As per IRS , they will include a worksheet for working out the credit in the 2020 Instructions for Form 1040 and 1040-SR . <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_if_one_received_more_of_stimulus_payment_than_recovery_rebate_credit_calculated_on_the_2020_return\"><\/span>What if one received more of stimulus payment than  recovery rebate credit calculated on the 2020 return?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If an eligible individual was entitled to an economic impact payment and received a payment greater than the recovery rebate credit calculated on the 2020 return, he or she still in most cases gets to keep the original payment. The excess does not need to be repaid to the IRS. However, in the case of the death of the taxpayer or a jointly filing spouse before receipt of the payment, or nonresident alien status for 2020, the FAQs direct the payment or portion of it allocable to the decedent or issued to the nonresident alien to be returned or&nbsp;repaid.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_stimulus_payment_amount_taxable\"><\/span>Is the stimulus payment amount taxable ?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The stimulus check you received (economic impact payment) is not taxable income to the recipient. If the IRS adjusts a taxpayer&#8217;s recovery rebate credit calculation, it will do so as a &#8220;math error adjustment.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The good news for all those, who were eligible for an economic impact payment but did not receive any stimulus check payment or received less than what was owed to them under economic impacts payment will be able to claim it as a recovery rebate credit by filing their income tax return for&nbsp;2020. In effect, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[54],"tags":[1350,1433,1432,1405],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/4127"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=4127"}],"version-history":[{"count":0,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/4127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/4165"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=4127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/categories?post=4127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/tags?post=4127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}