DEADLINE APPROACHES FOR RECOVERY REBATE CREDIT:

The IRS reminds taxpayers who may be eligible for the COVID-era Recovery Rebate Credit in 2020 that time is running out to file a tax return and claim their money. Taxpayers due a refund have three years after the filing due date to file and claim any money entitled to them. For 2020 tax returns, this year’s deadline is May 17, three years after the original May 17, 2021, tax deadline.

Who’s eligible?

Eligibility for the 2020 and 2021 Recovery Rebate Credit generally requires being a U.S. citizen or U.S. resident alien in the respective year, not being a dependent of another taxpayer and having a Social Security number issued before the tax return's due date.

Additionally, the 2020 Recovery Rebate Credit can be claimed for someone who passed away in 2020 or later.