Am I eligible?
If your earned income was higher in 2019 than in 2020, you can use the 2019 amount to figure your EITC for 2020. This temporary relief is provided through the Taxpayer Certainty and Disaster Tax Relief Act of 2020. To figure the credit, see Publication 596, Earned Income Credit (Español).
How much will I receive? (Maximum amounts are shown; your actual payment will be dependent on income.)
Per single individual | Per couple | Per child | |
Round 1 | $1,200 | $2,400 | $600 |
Round 2 | $600 | $1,200 | $500 |
Round 3 | To be determined. |
Stimulus Payments to Incarcerated Individuals
A recovery rebate credit (Español) is available to filers who missed out on all or some of the direct payments that the government has already sent out. This helps eligible Americans who either didn’t receive a stimulus check or didn’t get the full amount. And, if you had a reduction in income for 2020, even a person who received both a $1,200 first-round stimulus check and a $600 second-round stimulus payment may be able to claim a recovery rebate credit.
Forbes Magazine shares How to Use The Recovery Rebate Credit To Claim Your Missing Stimulus Payment.
The United States federal earned income tax credit or earned income credit is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient’s income and their number of children.
Am I eligible?
Recursos en Español
Related Topics: coronavirus, COVID-19, EITC, recovery rebate, stimulus checks, tax relief, unemployment tax