How do I use turbo to amend my 2020 return to add my $2,000 on line 30. So I can get my stimulus money?

Forum|Forum|5 years ago
April 1, 2021
18 replies
83 views

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TurboTax Free Edition Online

MinhT1

Level 15

You do not need to amend your tax return.

If you made a mistake in reporting the amount of stimulus received, the IRS will identify the error and adjust your refund.

Please read the answer to question D2 of this IRS Q & A and this TurboTax Help topic.

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mickmouserAuthor

Level 2

The problem is that I only filed the 2020 return to get the stimulus check. I have not needed to file for several years. And, I have not received any stimulus money whatsoever.

When reading instructions on IRS.gov, they say the stimulus amount should be added to line 30. TurboTax did not add anything to line 30.

You are telling me that I should do nothing and I will still get my 2021 stimulus money based on the filing of my 2020 return??????

When that doesn't happen, then what do I do?

JoannaB2

Level 9

Yes, If you didn't claim the credit on your original tax return, you will need to file an Amended U.S. Individual Income Tax Return, Form 1040-X. The IRS will not calculate the 2020 Recovery Rebate Credit for you if you did not enter any amount on your original tax return. To amend the return::

Login to your Turbo Tax online account and select “Amend a return that was filed and accepted.”
If you used our CD/download product, sign into your return and select “Amend" a filed return.

You can use the Interactive Tax Assistant, Should I File an Amended Return?, to help determine if you should amend your original tax return.

If you need to file an amended return to claim the Recovery Rebate Credit, use the worksheet on page 59 of the 2020 instructions for Form 1040 and 1040-SR to determine the amount of your credit. Enter the amount on the Refundable Credits section of the 1040-X and include "Recovery Rebate Credit" in the Explanation of Changes section.

VolvoGirl

Level 15

@mickmouser Why are you expecting $2,000 for it? Only the first 2 rounds go on the 2020 tax return. Are you Single or Married? Any Dependents? The first one was $1,200 and the 2nd one is 600 so 1,800 total for Single.

lowb4446

Level 2

When I went to the "Federal Review" tab, TurboTax PC app said that based on my tax information and my adjusted gross income, I was eligible for the following stimulus Payment:
First Round: $XXXX.XX for the
Second Round: $XXXX.XX

The section below that asked if I had received this. When I said "no", it allowed me to ask what I actually received. From this point, TurboTax led to claiming my unpaid 2020 stimulus payments and electronically filed a 1040-X for me.