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IRS explains why some 2020 Recovery Rebate Credits are different than expected
Wed Apr 07 2021
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 Jan. 1, 2020.
Math errors relating to calculating adjusted gross income and any EIPs already received.
For more info
click here
.