Tax Articles for Individuals



The Rebate Recovery Credit

What Is the Rebate Recovery Credit?

It is a credit to "recover" some or all of the Economic Impact Payment(s) that were reduced or eliminated because of your adjusted gross income was too high.

Income limits and phaseouts for varies filing statuses

Single or Married Filing Separately

You are eligible to receive the full payment if your adjusted gross income is below $75,000 and a reduced payment amount if it is more than $75,000 The adjusted gross income limit for a reduced payment is $99,000. It increases by $10,000 for each qualifying child under 17.