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News & Updates

February 2, 2022
   |    
Courtesy of: 
IRS

IRS provides revised answer for 2020 Recovery Rebate Credit on tracing payments

This updated FAQ includes a revision to the information on tracing payments under Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit:

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available.

More information on the Recovery Rebate Credit is available on IRS.gov.

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