My federal return has been accepted but is still processing. it seems I made an error by claiming $100 in the economic stimulus rebate form. Can i correct it

[jslattfor1]

I should have entered $0 as I got both my stimulus payments.

[ErnieS0]

The IRS has said it will calculate the correct amount of the Recovery Rebate Credit, make the correction and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.

You can amend your return if the IRS does not correct it. Wait until your return finishes processing.

Related resources:

• How to amend (change or correct) a return you already filed

[jslattfor1]

The thing is there are many of us who don’t even recall entering any amount into the recovery rebate section/line? Yet we are all TurboTax users. Does Turbo tax have some accountability here? 

thanks for your response

[JoannaB2]

No, you can't correct it. he IRS will reconcile the recovery payment based on your 2020 income tax return and your refund will be adjusted. The Recovery Credit Rebate form have 2 questions: "How much was the EIP 1 payment received, if you're married, enter $2,400 ,and next question was "How much EIP 2 payment received, if you're married, enter $1,200. 

The Recovery Rebate Credit is calculated based on the number of qualified dependents under 17 years old plus taxpayer/s on your 2020 Federal income tax return. 

[lag88]

I filed my tax return in Feb. and put the wrong amount in for the 2nd stimulus payment.  i put 1200 instead of 1700.  At the time TurboTax said it was correct.  it is now march and it is still pending with the irs.  i looked in turbo tax and the amount is now fixed yet I didn't change it.  the refund should have been 500.00 less.  what is going on?  I'm confused?  what is going to happen with my return/refund?  

[MarilynG1]

As posted above by @ErnieS0:

"The IRS has said it will calculate the correct amount of the Recovery Rebate Credit, make the correction and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.

You can amend your return if the IRS does not correct it. Wait until your return finishes processing".