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Recovery Rebate Credit & Form 1040

Did you receive your Economic Stimulus payments this year? What do you do if you didn't? The Recovery Rebate Credit is a special one-time benefit that most people received last year in the form of an Economic Stimulus Payment. But people who did not receive the maximum amount of the Economic Stimulus Payment, and whose circumstances have changed, maybe eligible now. In most cases, the IRS will be able to calculate whether a person is eligible and how much of the credit may be due. The IRS has released form 1040 for 2020 which includes line 30 for “Recovery Rebate Credit”. ----------------------------------------- Follow Us! 📷:   / latinotaxpro​   💻: https://latinotaxpro.com​ 😄:   / latinotaxpro​   🐥:   / latinotaxpro