IRS Warns Qualified Non-Filers To Submit Their Recovery Rebate Credit 2020 Claims Before May 17!

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On Monday, the Internal Revenue Service (IRS) encouraged those who may be eligible for the COVID-19 Pandemic 2020 Recovery Rebate Credit must file a tax return and claim their Recovery Rebate Credit money.

IRS Warns Qualified Non-Filers To Submit Their Recovery Rebate Credit 2020 Claims Before May 17!
IRS Warns Qualified Non-Filers To Submit Their Recovery Rebate Credit 2020 Claims Before May 17! (Photo: Newsweek)

For those who haven’t yet filed a tax return for 2020 and could get a Recovery Rebate Credit, the legal deadline is May 17, 2024

According to the IRS Website, the Recovery Rebate Credit is a refundable credit for qualified individuals who did not take Economic Impact Payments, also known as stimulus payments 2020 and 2021. Qualified taxpayers must file a tax return first to claim a Recovery Rebate Credit.

For eligible individuals wanting to receive the Recovery Rebate Credit 2021, the deadline will be April 15, 2025. The agency encourages those who haven’t filed a tax return for 2020 to check their records; they may be overseeing a potential tax refund that will no longer be available after May 17 including the Recovery Rebate Credit.

Starting this month, the IRS plans to deliver detailed state-by-state information for taxpayers who may have overlooked filing and getting a refund for 2020 such as Recovery Rebate Credit. These taxpayers will also face a May 17 deadline to file.

Read Also: Michigan To Provide Financial Relief To 700,000 Households Through Expanded Tax Credit

Who’s eligible for Recovery Rebate Credit?

The first eligibility for the Recovery Rebate Credit 2020 and 2021 is being a U.S. citizen or U.S. resident alien in those respective years, not dependent on another taxpayer, and getting a Social Security number issued before the tax return’s due date.

Read Also: Millions Yet To Claim Their 2021 Coronavirus Stimulus Check, Unclaimed Credits Total $4.7 Billion

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