TITLE 26. INTERNAL REVENUE CODE § 6428B. 2021 recovery rebates to individuals., 26 USCS § 6428B


Summary

(a) In general. In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A [26 USCS §§ 1 et seq.] for the first taxable year beginning in 2021 an amount equal to the 2021 rebate amount determined for such taxable year.
(b) 2021 rebate amount. For purposes of this section, the term “2021 rebate amount” means, with respect to any taxpayer for any taxable year, the sum of—
(1) $1,400 ($2,800 in the case of a joint return), plus
(2) $1,400 multiplied by the number of dependents of the taxpayer for such taxable year.
(c) Eligible individual. For purposes of this section, the term “eligible individual” means any individual other than—
(1) any nonresident alien individual,
(2) any individual who is a dependent of another taxpayer for a taxable year beginning in the calendar year in which the individual’s taxable year begins, and
(3) an estate or trust.
(d) Limitation based on adjusted gross income.
(1) In general. The amount of the credit allowed by ...