Constantine Johnny / Getty Images Schedule A (Form 1040 or 1040-SR): Itemized Deductions is an Internal Revenue Service (IRS) form for U.S. taxpayers who itemize their tax-deductible expenses ...

Put differently, a taxpayer does not have to repay any of the EIP which is greater than the calculated credit on a Form 1040. Fine print alert: Be aware that "eligible individuals" for the EIP ...

You can claim the Recovery Rebate Credit for any recovery rebate amount that is more than the EIP you received in 2020 by completing line 30 of your 2020 Form 1040 or 1040-SR. >> The 2020 ...