Didn’t Get Your Economic Impact Payment? You Can Claim It on Your 2020 Return.
Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Using the 2018 and 2019 Returns Who Qualified for a Rebate? Deceased Individuals Tax Return Non-filers Reconciliation on the 2020 Return One of the more tax-troubling issues this year has been the distribution of what Congress referred to as the recovery rebates. You may know these payments as the Economic Impact Payments (EIPs) or stimulus payments, names that the IRS took the liberty of creating. The