Dear Clients of SKJ & Company,
During 2020, there were two Economic Impact Payments (EIP) which were paid based on 2018 and 2019 income and marital and/or dependent status. These payments must be reflected on 2020 income tax return for proper calculation of Recovery Rebate Credit which allows taxpayers to receive additional credit if 2020 income and family status allow.
If you are submitting your 2020 tax documents to our office, please be sure to send us the following information on your EIP:
Thank you for your cooperation.
SKJ & Company, P.S.