IRS Updates FAQs for 2020 Recovery Rebate Credit

Internal Revenue Service (IRS)

WASHINGTON, D.C. — The Internal Revenue Service recently updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-02).

This updated FAQ includes changes to the information for Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit:

  • Question 4, Topic F: updated
  • Questions 89 & 10, Topic F: added

The IRS states that these FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

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