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springfield761-
New Member

Asked if I got my 3rd stimulus. I said no. They applied it to me. Got a letter saying I owed $1200. Turbo does not show this. Can I use them next year if not correct?

 
3 Replies
DoninGA
Level 15

Asked if I got my 3rd stimulus. I said no. They applied it to me. Got a letter saying I owed $1200. Turbo does not show this. Can I use them next year if not correct?

If you reported that you did not receive the 3rd stimulus payment and the IRS removed that amount from your tax return? If so, the IRS has records which show that the 3rd stimulus payment was sent to you.  Removing the credit will either reduce your federal tax refund or it will increase the amount of federal taxes owed.


The Recovery Rebate Credit would have been entered on your Form 1040 Line 30.

 

Go to this IRS website for your tax account to see if the 3rd stimulus payment is entered - https://www.irs.gov/payments/your-online-account
If you are Married Filing Jointly also check your spouse's tax account.


If you checked your bank account in the March - May 2021 timeframe and there is not a EIP3 payment from the IRS then go to this IRS website for how to start a trace on the payment - https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-p...

 

The Recovery Rebate Credit for the 3rd stimulus can only be reported on a 2021 tax return, it cannot be requested on a future tax return.

VolvoGirl
Level 15

Asked if I got my 3rd stimulus. I said no. They applied it to me. Got a letter saying I owed $1200. Turbo does not show this. Can I use them next year if not correct?

How much is on 1040 line 30?  Did you originally have a $200 refund?

 

EIP3 The 3rd Stimulus payment started going out in March 2021 and is for 1,400 for each person listed on your tax return, no age limit. The IRS used your 2020 (or 2019) return to send the checks out fast. If your 2021 return changes and you qualify for more you can claim the extra as the Recovery Rebate Credit on 1040 line 30. But line 30 is only if you didn't get the full amount or qualify for more. Not the amount you already got. The IRS also sent out letter 6475 to tell you how much they sent you . If you are married then each spouse should get a letter for half.

 

Double check your bank statements and Check your IRS account (both accounts if married)

Your Online Account | Internal Revenue Service

 

 

NCperson
Level 15

Asked if I got my 3rd stimulus. I said no. They applied it to me. Got a letter saying I owed $1200. Turbo does not show this. Can I use them next year if not correct?

@springfield761- $1200 would be an 'odd' number for the 3rd stimulus (unless your income exceeds $75,000 single filing or $150,000 joint filing)

 

1) please confirm we are discussing the 2021 tax return

2) what is on line 30 of Form 1040? 

 

you were eligible for either the Recovery Rebate Credit or the 3rd stimulus, but not both. 

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