The Recovery Rebate Credit is a product of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Tax Relief Act. This credit is designed to support Americans throughout the pandemic. It can be used as part of your 2021 tax return, so you can use it to increase your tax refund or decrease the amount you owe to Uncle Sam for the 2020 tax year.

This tax credit was paid in two installments in 2020 and early 2021. It is considered to be an advance payment. Those who did not receive their checks but were eligible can still claim it on their 2020 tax returns.

The majority of qualifying individuals will have already received their corona virus stimulus check and do not need to fill in any forms. Alongside each stimulus check, the IRS will have also provided a receipt confirming the payment.

Information regarding stimulus does not need to be filled out on 2020 tax forms. This is an automatic stimulus payment.