Time Is Running Out To Claim Your 2020 Recovery Rebate Tax Credit

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make i.

Kemberley Washington Tax Writer

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make i.

Written By Kemberley Washington Tax Writer

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make i.

Kemberley Washington Tax Writer

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make i.

Tax Writer Caren Weiner Personal Finance Editor

Since her first tax article appearing more than three decades ago in Money magazine, Caren Weiner has written and edited stories about money management topics ranging from investment fees and health costs to household budgets. Her finance- and invest.

Caren Weiner Personal Finance Editor

Since her first tax article appearing more than three decades ago in Money magazine, Caren Weiner has written and edited stories about money management topics ranging from investment fees and health costs to household budgets. Her finance- and invest.

Caren Weiner Personal Finance Editor

Since her first tax article appearing more than three decades ago in Money magazine, Caren Weiner has written and edited stories about money management topics ranging from investment fees and health costs to household budgets. Her finance- and invest.

Caren Weiner Personal Finance Editor

Since her first tax article appearing more than three decades ago in Money magazine, Caren Weiner has written and edited stories about money management topics ranging from investment fees and health costs to household budgets. Her finance- and invest.

| Personal Finance Editor

Published: Mar 29, 2024, 11:44am

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Time Is Running Out To Claim Your 2020 Recovery Rebate Tax Credit

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Stimulus money is still available to some taxpayers who have yet to claim their 2020 recovery rebate tax credit—but they’ll have to act fast.

If you didn’t file a 2020 federal tax return, you have until May 17, 2024, to do so and claim this tax credit, potentially worth thousands of dollars. You may qualify if the IRS didn’t issue you a first or second stimulus payment or if you received only a partial payment.

The recovery rebate credit can generate a tax refund whether or not you owe any taxes—which means extra money in your pocket. So it’s worth filing a tax return even if you aren’t required to.

The IRS offered the recovery rebate credit for tax years 2020 and 2021 in conjunction with stimulus payments. Like the stimulus checks, the credit was intended to provide financial relief during the economic disruption caused by the Covid-19 pandemic.

If you’re eligible for the 2021 recovery rebate tax credit, you have more time. The deadline to claim it for that year is April 15, 2025.

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Tax Writer

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make informed tax decisions. Her work has been featured in Yahoo Finance, Bankrate.com, SmartAsset, Black Enterprise, New Orleans Agenda, and more. She frequently appears on NBC's WDSU news broadcast.

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