What is the 2021 Tax Year Recovery Rebate Credit?

The Recovery Rebate Credit in your 2021 Tax Return is how you will reconcile the third stimlus payment or the third Economic Impact Payment as the IRS calls it. The third stimulus payment is not taxable, but it is included in the 2021 tax return to make sure taxpayers didn’t miss the payment either in part or in full. You can read more about the 2021 Recovery Rebate Credit here.

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