I only had TurboTax deposit half of my allotted amount I should have received in my bank account. Does anyone know why this would happen?

[HelenC12]

The second stimulus check has different income limits versus the first stimulus check. The first stimulus check was based on your 2018 or 2019 taxes, if you had filed them. But the second check is based solely on your 2019 taxes. That means if you got a new job or earned more money between 2018 and 2019, you may be in the upper limit, and receive only a partial check. 

If your adjusted gross income (AGI) is below,

• $75,000 for individuals
• $112,500 for heads of household
• $150,000 for married, joint filers

You should receive $600 per individual plus $600 per qualifying child.

For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:

• An individual without children will not receive any payment if their AGI exceeds $87,000
• A couple without children will not receive any payment if their AGI exceeds $174,000
• A family of four will not receive any payment if their AGI exceeds $198,000

You can find your 2019 AGI on line 8b of your Form 1040.

Check the IRS Get My Payment tool to see if the IRS has a 2nd stimulus payment for you. The tool should tell you where your stimulus payment was deposited or mailed. The IRS has indicated there’s nothing you can do to change where they send your payment.

• Note: Updates may not be immediately reflected on IRS.gov, including the Get My Payment tool.

Please see the following page for additional information: Why Haven’t I Received My Second Stimulus Check?

[vchmnds]

Thank you.  I am aware of that.  However, we have a combined household income of 85,000 now and was less then of around 75,000.  This is the reason I was inquiring of why it is half.  We have one dependent under 16 as well.  

[Critter-3]

If for some reason you do not receive all or part of your stimulus payments in advance, you can have it added to your refund. The IRS will stop mailing payments on 1/15 and will  not begin processing returns until  sometime after 1/25  so all stimulus payments should have been received by then and you can file the return with the credit.   

Please wait until you are certain there is no second payment, then you can follow these steps, if necessary. 

• After you have entered your tax information and are ready for the Federal Review, stimulus will be the first question.
• If you are trying to trigger it: 
1. go to Other Situations
2. click Done. 
3. The next question will ask about payments received.
• The program will determine the missing amount and add it to your refund.

Please see: Is My Second Stimulus Check on the way? and the IRS stimulus website

Hot off the presses ... the IRS start date for processing 2020 returns is 2/12/21 

https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refund...