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IRS Details Calculations for Claiming Additional Virus Payments

Jan. 12, 2021, 8:55 PM

The IRS updated instructions for people to calculate and claim additional virus relief payments if they didn’t receive the full amount they were owed.

Congress has approved two rounds of stimulus payments so far—one worth up to $1,200 per individual and another, more recent one worth up to $600. The revised instructions, which tell people how to fill out their individual tax returns this filing season, incorporate both payments.

  • The IRS has delivered more than 100 million of the latest relief payments by direct deposit, with millions more being mailed. The agency has until mid-January to...

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