When the stimulus payments were calculated in 2020, they were intended to be an advance credit on your 2020 return. Getting the additional stimulus money you need: How Block can help Learn more about how to claim your recovery rebate credit.
Note: This credit is also sometimes called stimulus reconciliation or in casual terms, stimulus backpay or refund recovery credit.Īlready know all about this credit? Find out how H&R Block can help you help you.
It’s just that the recovery rebate credit is paid as part of filing your return. The recovery rebate and your stimulus payments are actually one in the same. You might be wondering what exactly a recovery rebate credit is and what it has to do with your stimulus.
