Updated Recovery Rebate Worksheet
The IRS has issued final instructions for the 2020 version of Form 1040, which contain an updated worksheet for the recovery rebate credit. (The recovery rebate credit appears on line 30 of the 2020 version of Form 1040.) The new format includes reference to both the economic impact payments that were sent to taxpayers starting in April 2020 (EIP #1) and the economic impact payments that were sent to taxpayers starting in December 2020 (EIP #2). Click on the link below to see the new worksheet.