IRS updates FAQs for 2020 Recovery Rebate Credit

WASHINGTON — The Internal Revenue Service today 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 8, 9 & 10, Topic F: added

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

More information about reliance is available.

Submit your story ideas to the Upper Cumberland Business Journal! via email.

This site uses Akismet to reduce spam. Learn how your comment data is processed.