THE AMERICAN CLUB OF MADRID
ACM Webinar, March 23rd, 2021 at 19:00
“All you need to know about the Recovery Rebate Credit.”
Organized by the American Club of Madrid and US Tax Consultants. Registration required
How can you receive your “Stimulus checks” with the Recovery Rebate Credit? Haven’t gotten them yet? Are they taxable?
CARES Act and CARES Act II
EIP1: Stimulus Check $1,200 & EIP2: $600 (MFS and MFJ)
Eligibility: Estimated over 2018 and 2019 Tax Return
Payments distributions: direct deposit, checks, payment cards.
Non-filers. IRS Tool GET MY PAYMENT (the IRS website)
How to cash the checks: Through a Bank Account in Spain, through the bank account in the U.S.A. What if you do not have a bank account in the U.S.A.? (ACA).
Payment timing of both checks
Recovery Rebate Credit in the Form 1040 2020
What about the Biden extension of the EIP2 up to $1400?
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