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egor-vaskov-hotm
New Member

For my Tax Refund 2020 documents how can I claim the recovery rebate for the economic impact payment that I didn't receive in 2020 based on my 2019 tax refund ?

For my Tax Refund 2020 documents how can I claim the recovery rebate for the economic impact payment that I didn't receive in 2020 based on my 2019 tax refund ?
2 Replies
xmasbaby0
Level 15

For my Tax Refund 2020 documents how can I claim the recovery rebate for the economic impact payment that I didn't receive in 2020 based on my 2019 tax refund ?

The IRS will not go backwards and use your 2019 return now.   Your recovery rebate credit  for stimulus #1 and #2 is based only on your 2020 eligibility.   

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2020 Form 1040.

 

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

 

Eligibility per the IRS:

 

A1. Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200  ($2,400  for a joint return) if you (and your spouse if filing a joint return)  are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:

  • $150,000  if married and filing a joint return
  • $112,500 if filing as  head of household or
  • $75,000  for eligible individuals using any other filing status
    Your payment will be reduced by 5% of  the amount by which your AGI exceeds the applicable threshold above.

You are not eligible for a payment if any of the following apply to you:

  • You may be claimed as a dependent on another taxpayer’s return (for example, a child or student who may be claimed on a parent’s return or a dependent parent who may be claimed on an adult child’s return).
  • You do not have a Social Security number that is valid for employment.
  • You are a nonresident alien.
    The following are also not eligible: a deceased individual or an estate or trust.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
46Nashcoupe
Level 1

For my Tax Refund 2020 documents how can I claim the recovery rebate for the economic impact payment that I didn't receive in 2020 based on my 2019 tax refund ?

 because ive allready filed, can turbo tax do what needs tobe done to get a rebate recovery??

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