The National Taxpayer Advocate Blog has published an article, titled “Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment,” which discusses how taxpayers filing superseding returns that change their election from filing jointly are eligible to claim a Recovery Rebate Credit. The abstract is as follows:
Taxpayers who did not receive their first or second EIP after they filed a superseding return changing their election from filing jointly may still be eligible for the RRC on their 2020 income tax return. Taxpayers may still file a superseding return electing to file married filing separately or head of household for the 2020 return by May 17 which may trigger a separate EIP after processing the superseded return. That superseded return would be the basis for the third EIP.
To see the full article, click here: “Taxpayers may file a 2020 superseding return changing their joint filing election to receive the third economic impact payment”
Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.