How to Fill Out The Recovery Rebate Credit (Line 30 Form 1040)
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- Опубліковано 16 бер 2022
- In this video I discuss how to fill out the Recovery Rebate Credit worksheet. The Recovery Rebate Credit is a tax credit that is calculated based on any 2021 1,400 stimulus checks (economic impact payments) you were entitled to receive but didn't receive in 2021.
thank you SO MUCH for walking through this!
very helpful, thank you
🙂
What if I have no income to file can I still claim the stimulus payments? if so, what forms do I need to send? the 1040 and the Recovery Rebate Credit Worksheet or a 1040 and 1040X?
We didnt get the first and 2nd but we received the 3rd stimulus paper check last 2021 and we didn't deposit nor encashed it at all. The letter 6475 arrived after we have mailed our returns last week. What do we do now? We are living outside the US.
What happened to leaving line 30 blank if you got your payment. This seems complicated
How can I credit my payments made to the irs on form 1040. Back in April I made a payment to the IRS and requested an extension. Now that I am filing form 1040 it seems like I over paid. What line do I input my payment credit? ? Hope you can help, thank you.
Can you explain how to determine if one was sent a rebate check in 2021 ?
Hi, all. If I want to claim $500 + 600= $1,100 for my daughter (who turned 5 in 2020) for 2020 (for Economic Impact Payments), do i plug the $1,100 into line 15 on the manual 1040X for 2020? Would appreciate a helping hand.
My line30 did not ask for a recovery rebate…. Where did you get your form from?
THANKS....
we never recieved any impact payments for 2021...for some reason we have 2800$ on line 30 and thats the exact amount they lowered my refund by..any clues?
Irs is saying you got the $2800.
You might want to check a copy of your Mar 2021 bank statement to see if there was a deposit of $2800 you didn't know about.
Question: so I made a devastating mistake! I put $1400 on line 12 (which was appropriate) however, not thinking, I put my return which was $1969 on line 13. When I subtracted the 2 lines it came out to -569!!!! And that was the figure that was on line 14, stupid error! Do I need to file an amended return or would the IRS automatically catch that silly mistake???
The IRS typically will correct mathematical mistakes and send you a letter with the correction they made. If you haven't received this after awhile I would consider amending your return.
If someone already filed their taxes for 2021 but the refund was shown in the total, but not included in the full amount deposited into the account, is there a different form to fill out, or re-file?
For instance:
Regular tax return is $600 + $1400 Simulus,
But only $600 was Direct Deposited into account
@@squilliam2827 I’m dealing with the same thing. I called the office and they said it should be direct deposited into my account. But my refund arrived first and now i’m waiting for the stimulus
As a full time virtual elementary teacher can I claim teacher adjustments?
I know this late but I know right now doe you can get a check for being a teacher if your still are one for a few thousand dollars like 2 or 3 but hey free money
I'm confused I didn't get a $2800 rebate but they said I own an extra $2800 in my taxes...it's a mess a did it through turbo tax and something isn't right. I went from owning 2300 to 5100!!!! How????
I gained custody of my then 16 year old in December 2019. We didn’t receive any of the stimulus payments throughout 2020/2021. Can I file a recovery?
I believe only through 1040X if you already filed your regular 2020 and 2021 Form 1040. That's what I'm going through now.
Yes I'm getting my 2020 this year hopefully I have it by next month since I missed both it is 1800 but since you missed both years you should be able to get 3200 all together from stimulus n recovery rebate credit
I’m wanting to know if someone filed tax’s on me
Where can i get this form? I cant find it on the IRS website anywhere
Look up '2021 tax return instructions' and go to page 59. I just found and printed it.
IRS States that a deposit of EIP 3 was accomplished on March 17, 2021. Nothing???
What if your not working
Never received EIP 3 stimulus amount. Filed joint 1040. Received 6470 ltrs. of eligibility Only received tax return amount. EIP 3 joint amount never received or deposited in the bank. The bank shows that deposit was never received???? Now what????
IRS fact sheet pdf says in page 25 -F8Q- "the IRS will adjust your 2021 Recovery Rebate Credit,
even if you entered $0 on line 30 or left it blank"
I had a home birth with my 3rd child and I wasnt able to claim him until a year later when I moved to another state and got his social security number. I was able to finally claim him along with my 2 other children. I never received any credits for him because the IRS didnt know he existed. I still haven't received my tax return and now I have a letter from the IRS stating I owe 1,300 on top of the 3,300 total credits I owe. I don't know why but I'm sick of this bs!! I also never recieved a 3rd check. So I'm just getting screwed all around. Also intrest on nothing is evil, only morally bankrupt people charge intrest on nothing!
Line 30 form 1040 doesn’t ask for a recovery rebate…
Form 1040:
year 2019, 2020, and 2022 does not have line 30 for recovery rebate!
That sht didn't help at all