Issuing millions of second Economic Impact Payments via debit card, Recovery Rebate Credit, and scams related to (EIP)

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Issuing millions of second Economic Impact Payments via debit card, Recovery Rebate Credit, and scams related to (EIP)

This outreach bundle is focused on information about issuing millions of second Economic Impact Payments via debit card. Also included are materials on the Recovery Rebate Credit and scams related to Economic Impact Payments. Key points:

EIP Debit Cards

  • The Treasury Department and the IRS are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.
  • EIP Cards are safe, convenient and secure. They provide consumer protections including certain protections against fraud, loss and other errors.
  • People should pay close attention to their mail. EIP Cards are being sent in a white envelope that prominently displays the U.S. Department of the Treasury seal.

Reissuing payments

  • Following extensive work and discussions with our industry partners, the IRS will reissue payments for taxpayers who did not receive the second Economic Impact Payment because the temporary bank accounts identified in our records were closed. Partners can point people to the IRS Statements and Announcements page for more information.

Recovery Rebate Credit

  • For those who are eligible but don’t receive the payment for any reason, they can claim it by filing a 2020 tax return in 2021. The Economic Impact Payments are an advance payment of what will be called the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR.

Scams

  • IRS is warning of a COVID-related text scam that involves tricking people into disclosing bank account info in order to receive an Economic Impact Payment. Reminder: IRS does NOT send unsolicited texts.
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