Information

Did you miss the deadline to register online for the Economic Impact Payment?

You may still be eligible to receive a payment in 2021 if:

• You did not register online, by mail and did not get a payment in 2020 or,

• You received a payment, but it wasn’t the full amount of the Economic Impact Payment. The maximum credit is $1,200, or $2,400 if married filing jointly, plus $500 for each qualifying child.

Then:

• When you file a 2020 Form 1040 or 1040SR you may be eligible for the Recovery Rebate Credit. Save your IRS letter - Notice 1444 Your Economic Impact Payment - with your 2020 tax records. You’ll need the amount of the payment in the letter when you file in 2021.

Steps you can take now to make tax filing easier in 2021

have your records organized to make preparing a tax return easier. It may also help you discover potentially overlooked deductions or credits.

Include in your tax records:

• Forms W-2 from employers

• Forms 1099 from banks and other payers

• Other income documents and records of virtual currency transactions.

Include your Notice 1444 Your Economic Tax Payment with your tax records if you received an Economic Impact Payment.

View your account information to see information from your most recently filed tax return.

Notify the IRS if your address changes and notify the Social Security Administration of a legal name change.

Remember, most income is taxable. This includes:

• unemployment income,

• refund interest,

• income from the gig economy, and

• virtual currencies.

Ensure your Individual Tax Identification Number (ITIN) hasn’t expired before you file a tax return in 2021. If you need to file a tax return in 2020, IRS recommends you submit a Form W-7, Application for IRS Individual Taxpayer Identification Number, or Formulario W-7 (SP), Solicitud de Número del Identificación Personal del Contribuyente del Servicio de Impuestos Internos, now to renew your ITIN. As a reminder, ITINs with middle digits 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, or 87 that expired in 2016, 2017, 2018, or 2019 can also be renewed.