17020: Recovery Rebate Credit, EIC, and CTC (Drake20)

Drake Tax now has new fields for reporting Economic Impact Payments (EIP) and Recovery Rebate Credits (RRC), available to eligible taxpayers for the 2020 tax year. See Related Links below for details on the requirements and data entry. 

• Watch the video Recovery Rebate Credit (Economic Impact Payment) for a demonstration.

Methods for calculating the Earned Income Credit (EIC) and Child Tax Credit (CTC) have also changed. See Related Links below for details on the requirements and data entry. 

• Watch the video 2020 Earned Income Credit (EIC) / Child Tax Credit (CTC) for a demonstration.