Taxpayers may be able to claim the recovery rebate credit if they were eligible for Economic Impact Payments and didn’t receive one or both rounds of Economic Impact Payments or received less than they were entitled.
In order to claim the recovery rebate credit, taxpayers must file a tax return, even if they aren’t normally required to file. In addition, taxpayers will need to know the amount of any Economic Impact Payments issued in order to claim the Recovery Rebate Credit.
Economic Impact Payments were based on your 2018 or 2019 tax year information. The Recovery Rebate Credit is similar, except that the eligibility and the amount are based on 2020 information you include on your 2020 tax return.