Should I have claimed my EIP2 that I received in January 2021 on my 2020 tax return?

TurboTax had a spot to input what I received and when I did my total tax return amount went down. Now, however, I am seeing things online (as well as a letter I received from the IRS) is telling me (I think) that I should not have claimed it on my 2021 tax return.

posted

Connect with an expert

3 Replies

Should I have claimed my EIP2 that I received in January 2021 on my 2020 tax return?

You report receiving the EIP2 on the 2020 federal tax return, even when received in 2021.

Should I have claimed my EIP2 that I received in January 2021 on my 2020 tax return?

Was my EIP2 taxed on my 2020 tax return?

Should I have claimed my EIP2 that I received in January 2021 on my 2020 tax return?

No, the EIP is not income and not taxed.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?