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IRS Updates the 2020 Recovery Rebate Credit Fact Sheet FAQs

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In their ongoing efforts this season to better assist tax professionals and as a follow-up to an earlier communication, Partner Support is sharing yesterday’s updated 2020 Recovery Rebate Credit Frequently Asked Questions (FAQs) Fact Sheet published by the IRS.    

Fact Sheet FS-2022-08 – Updated February 2, 2022 – 2020 Recovery Rebate Credit (RCC) Frequently Asked Questions

  • New for 2022, these IRS Fact Sheets are an excellent one-stop document containing the most frequently asked questions (FAQs) organized by topic, plus additional information and links to related resources. The IRS keeps them updated often so that you have the latest information as you prepare returns for your clients.

We continue to encourage our partners to review these FAQs and to follow the instructions and guidance provided by the IRS that is applicable to your client.  

IRS News Release IR-2022-24, February 2, 2022

WASHINGTON – The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-08 PDF).

This updated FAQ includes a revision to the information on tracing payments under Topic F: Finding the First and Second Economic Impact Payment Amounts to Calculate the 2020 Recovery Rebate Credit:

Question 8, Topic F: How Do I Request a Payment Trace to Tack my First and Second Economic Impact Payment?  Updated February 2, 2022

  • ​​​​How we process your claim
  • To start a payment trace
  • To complete the Form 3911 (Taxpayer Statement Regarding Refund) 
  • Where to Mail or Fax Claim Form

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

More information about reliance is available.

More information on the Recovery Rebate Credit is available on IRS.gov.

Important Reminders! First and Second Recovery Rebate Credits that were not received cannot be claimed on the TY2021 return and instead, must be claimed on a TY2020 return. 

If you didn’t get the full first and second Economic Impact Payments, you may be eligible to claim the 2020 Recovery Rebate Credit by filing a new or amended 2020 tax return.

If you didn’t get the full third Economic Impact Payment, see Questions and Answers About the Third Economic Impact Payment – Topic H: Reconciling on Your 2021 Tax Return.

Additional IRS Resources – Recovery Rebate Credit:

(Previously Shared) IRS News Release IR-2022-19, January 26, 2022 | Español

  • All Third Economic Impact Payments Issued; Parents of Children Born in 2021, Guardians and Other Eligible People Who Did Not Receive All of Their Third-round EIPs can Claim up to $1,400 per person through the 2021 Recovery Rebate Credit

Thank you, 

The Partner Support Team 

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