IRS Announces All First and Second Economic Impact Payments Issued; Eligible People Can Claim Recovery Rebate Credit

IRS

WASHINGTON, D.C. — The IRS announced that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season.

Beginning in April 2020, the IRS and Treasury Department began delivering the first round of Economic Impact Payments within two weeks of the legislation. The IRS issued more than 160 million EIPs to taxpayers across the country totaling over $270 billion, while simultaneously managing an extended filing season. In addition, since Congress enacted the COVID-related Tax Relief Act of 2020, the IRS has delivered more than 147 million EIPs in the second-round totaling over $142 billion.

Officials state the legislation required that the second round of payments be issued by January 15, 2021. While some second round Economic Impact Payments may still be in the mail, the IRS has issued all first and second Economic Impact Payments it is legally permitted to issue, based on information on file for eligible people.

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Get My Payment was last updated on January 29, 2021, to reflect the final payments and will not update again for first or second Economic Impact Payments.

According to the IRS, most people who are eligible for the Recovery Rebate Credit have already received it, in advance, in these two rounds of Economic Impact Payments. If individuals didn’t receive a payment – or if they didn’t receive the full amounts – they may be eligible to claim the Recovery Rebate Credit and must file a 2020 tax return. Eligibility for and the amount of the Recovery Rebate Credit are based on 2020 tax year information while the Economic Impact Payments were based on 2019 tax year information. For the first Economic Impact Payment, a 2018 return may have been used if the 2019 was not filed or processed.

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Individuals will need to know the amounts of any Economic Impact Payments they received to claim the Recovery Rebate Credit. Those who don’t have their Economic Impact Payment notices can view the amounts of their first and second Economic Impact Payments through their individual online account. For married filing joint individuals, each spouse will need to log into their own account.

To avoid refund delays, the IRS urges people to file a complete and accurate tax return. Filing electronically allows tax software to figure credits and deductions, including the Recovery Rebate Credit. The Recovery Rebate Credit Worksheet on Form 1040 and Form 1040-SR instructions can also help.

Officials state that anyone with income of $72,000 or less, including those who don’t have a tax return filing requirement, can file their federal tax return electronically for free through the IRS Free File Program. The fastest way to get a tax refund is to file electronically and have it direct deposited – contactless and free – into the individual’s financial account. Bank accounts, many prepaid debit cards and several mobile apps can be used for direct deposit when you provide a routing and account number.

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IRS.gov/filing has details about IRS Free FileFree File Fillable Formsfree VITA or TCE tax preparation sites in your community or finding a trusted tax professional.

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Patricia Dove
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Patricia Dove
February 20, 2021 8:50 pm

I haven’t received my second check the bank entered my social security number wrong so what am I supposed
To do.

Elia Cervantes
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Elia Cervantes
February 21, 2021 12:25 am

I claim my mom on my taxes as my depent she 84 never got the first or 2nd stimulus check she get ss and ssi dose she qualify for it she has only saving accounts where they deposit her check orfelina m martinez

Marilyn Bryant
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Marilyn Bryant
February 22, 2021 9:02 pm

I Have custody of my grand daughter.i never got second stimulus check.i would love to see if the parents.got money.i have had her since birth.shes 13.