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Consolidated Appropriations Act 2021 -Additional 2020 Economic Impact PaymentsSubmitted by UDALL CPA Group on January 11th, 2021
You've probably heard that the IRS will be making millions of ''economic impact payments'' (also called ''recovery rebates'') in the near future to help people stay afloat during this time of economic uncertainty related to the COVID-19 crisis. These payments are in addition to the $1,200 payments ($2,400 for married couples) issued earlier in 2020. Here's what you need to know about these additional payments.