Keyword Analysis & Research: 1040sr recovery rebate credit
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Frequently Asked Questions
“You only make an entry on Line 30 if you are actually claiming the credit,” according to IRS spokesman Eric Smith. “Otherwise, you leave it blank.Is recovery rebate credit refundable?
You report the final amount on Line 30 of your 2020 federal income tax return (Form 1040 or Form 1040-SR). The recovery rebate credit is a "refundable" credit, which means you'll get tax refund if the credit is larger than the tax that you would otherwise have to pay.