#Economic impact payments
What is the IRS’ Recovery Rebate Credit and who qualifies?
The Internal Revenue Service has issued all third-round Economic Impact Payments. Any remaining stimulus payment people are entitled to on their 2021 income tax return can be claimed as part of the 2021 Recovery Rebate Credit.
Tax season begins Jan. 24 when IRS starts accepting 2021 returns
The nation’s tax season will start Monday, Jan. 24, when the Internal Revenue Service will begin accepting and processing 2021 tax year returns.
IRS Provides Overview of New Tax Provisions in American Rescue Plan Act
The Internal Revenue Service provided an overview of some of the key tax provisions in the American Rescue Plan Act, with several provisions affecting people’s 2020 tax return.
$335 Billion in Stimulus Payments Disbursed Under American Rescue Plan, With Third Batch To Come
Several million more payments in the third batch of Economic Impact Payments from the American Rescue Plan are being disbursed beginning today, bringing the total disbursed so far to more than 130 million payments worth approximately $335 billion, according to a US government news release.
