IRS Letter Regarding 2020 Recovery Rebate Credit
Taxpayers who claimed the Recovery Rebate Credit (RRC) on their 2020 tax return may receive a letter from the IRS notifying them that the credit amount has been changed and corrected.
Here are some common reasons the IRS corrected the credit:
The individual was claimed as a dependent on another person's 2020 tax return.
The individual did not provide a Social Security number valid for employment.
The qualifying child was age 17 or older on January 1, 2020.
Math errors relating to calculating adjusted gross income and any EIPs already received.
Some individuals may have also been issued an EIP card in the mail and inadvertently discarded it. If you believe this is the case for you, you can request a free replacement card through MetaBank® Customer Service by calling (800) 240-8100. For more information about the EIP card, you can visit Questions and Answers about the First Economic Impact Payment — Topic E: EIP Cards.
If you receive this letter and disagree with the IRS calculation provided, the IRS requests you read the notice, review your tax return, requirements and worksheet for the credit, and visit the IRS Recovery Rebate Credit questions and answers page before contacting them.
Disclaimer: This material is prepared for informational purposes only, and is not tax advice. Please speak with a tax professional or visit the additional resources below to see how this information may apply to you.
