If you filed your tax return and indicated on it that you didn't receive your stimulus check but you actually had, you don't need to do anything. The IRS knows what payments they sent you, so they will adjust your tax return accordingly and reduce your refund if necessary.
At TurboTax, we are committed to helping you file an accurate tax return and get your maximum refund. As a part of our continuing efforts to get your stimulus payment we noticed that you claimed the Recovery Rebate Credit when you filed your 2020 tax return.
The Recovery Rebate Credit is the way people who were eligible for a stimulus payment, but did not receive one or received less than the amount they were due, claim their stimulus payment. However, if you have already received the full amount of your stimulus payment and also claim the Recovery Rebate Credit on your return, this will trigger a review at the IRS that could delay the time it takes to process your return and for you to receive your tax refund.
We know how important these funds are and don’t want you to experience any delay in receiving your tax refund. Since the IRS has not opened yet, we would like to give you the opportunity to review and update the Recovery Rebate Credit portion of your 2020 tax return before they open on February 12th.
If you want to review and update your 2020 return, please enter your information here by February 6, to have your 2020 tax return sent back to you. You will then receive an email from TurboTax on February 8, letting you know that your return is available and providing you with detailed instructions on how to review, update and re-file your tax return without the Recovery Rebate Credit.
If you do not want to review and update your 2020 return, then you're all set. No further action is required. We will securely hold your tax return and send it to the IRS when they begin accepting e-filed returns.
What do you mean by sending the email Feb 8th to review, update and re-file your tax return without the Recovery Rebate Credit? What do you mean without? As in we can resubmit but now no recovery rebate at all?
If you filed your tax return and indicated on it that you didn't receive your stimulus check but you actually had, you don't need to do anything. The IRS knows what payments they sent you, so they will adjust your tax return accordingly and reduce your refund if necessary.
I filed my 2020 return indicating I did not get my $600.00 stimulus check. After filing I got the check. So I need to adjust my pending return to show I did receive stimulus check. When I completed a form it says I will receive notification on 2-8-21 to adjust return. Hopefully that is correct and TurboTax will make this happen.
Have a blessed day!
That option was until Feb. 6th.
There is MORE than a good chance that the IRS will adjust for the payment on your tax return. They offered that "Pull-back" to make it easier on them (the IRS) since taxpayers would fix what they (the IRS) otherwise will need to do.
The only concern to you at this time is if the receipt of the stimulus will cause you to owe (more) tax. If that is the case, please make that additional tax payment by April 15th. (If it will just lower your refund, no worries)
Good morning,
The same thing has happened to me.
should I cash The stimulus check? With expectations that the IRS will fix my return? Or should I keep It and wait for my taxes to come back to me?
It is possible the IRS will process your return without rejecting it, in which case if you cash your stimulus check they will know and should automatically adjust your Rebate Recovery Credit, but it's impossible to know for sure at this point though.
Hello, if the IRS does not auto adjust my refund amount then I will not cash check. That will avoid having to file amended return which has to be mailed.
An amendment may not be necessary at all. If for some reason you do need to amend, that amendment can now be e-filed. The information about what the IRS has sent you in stimulus money can be confirmed using the link shown next. This year has been packed with changes and the IRS is allowing some latitude trying to help everyone.
When your return does reach the IRS there are two potential possibilities.
It would seem they have a system already in place to make the necessary adjustments or an automatic reject if your return doesn't match their records.
I have been trying to get a hold of TurboTax since January 7 to do just this. I’m just now reading this three days after the note. Can you please tell me if this is still available. I filed January 7 received my second stimulus January 20 I need to fix my return before it is sent.
No, it is too late to have your return reviewed. The IRS will start processing returns on the 12th. If you claimed the credit but received the stimulus payment after you filed, you may have to do an amendment. If the IRS adjusts the payment, you won't have to do anything. But if they don't and you receive the recovery rebate that you did not qualify for, it is only then that you will file the amendment.
You will need to amend if either of the following are true - but you are not going to know until your tax return has been processed.
I filed everything correctly (dependent, income ect) I just received my second stimulus about 2 weeks after I signed the forms with Turbo Tax. It looks like the IRS Accepted my return last night and it is currently reviewing. I can see it on the IRS Website as well. I have a feeling I have been pulled as a test group before the 12th. It's in fates hands now. I am disappointed in turbo tax though. I have been asking for weeks to be able to fix my return before it was sent to the IRS.
If you have e-filed your 2020 Federal tax return and the tax return is rejected by the IRS, you will have the opportunity to correct the entries and calculations to generate the Rebate Recovery Credit as well as correct the entries that generated the rejection.
If you have e-filed your 2020 Federal tax return and the tax return is accepted by the IRS, we will see what approach the IRS takes in this situation.
I suspect that the IRS will scrutinize stimulus payments that were issued against the tax returns that claim the Rebate Recovery Credit. The IRS may be able to correct your tax return and your refund much like it corrects tax returns and refunds which misstate Federal withholding tax.
Follow the TurboTax COVID Tax Center and the IRS Economic Impact Payment Information Center for further developments.
Thank you so much for that. I was worried that i had messed up my taxes but I am so happy that it will not affect my taxes.
I know I clicked I had already gotten the stimulus on the TT site but somehow it didn't go through and it looks like it says I didn't get it so now I'm sure we will be put into review and take forever to get our taxes when I tried to fix it, it was to late so now I'm just waiting to see what happens. I really hope it doesn't take months to get our taxes now I know I hit that I already had received it not sure who it changed to I didnt?
If you reported that you received both of your stimulus checks, TurboTax will not report a Recovery Rebate Credit on line 30 of your 2020 Federal tax return when you file.
Does your 2020 Federal 1040 report an amount on line 30? Please clarify.
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Remember, the fastest way to get your refund is to e-file and choose direct deposit. See this TurboTax Help.
I read that the IRS would not need to be repaid for my stimulus, however, they deducted that amount from my refund....why?
Yes, IRS has determined you were entitled to the check by their records and had it in the process to send you. Then, when they see that you also included it in your requested return refund, they are adjusting the return refund amount by the check amount you are receiving to make sure you are not overpaid.
Yes, IRS is starting to compare the recovery rebate requested returns with the stimulus checks being sent out to taxpayers that are "crossing in the mail" and is adjusting some refunds by the stimulus check mailed separately and reducing the tax return refund by the check amount now sent.
What step do I need to do if I never received the $600 stimulus check ( it states it was mailed on 2/2/21 ) and I filed it on my taxes and the IRS did NOT give it to me? The bad part is I paid $80 bc TURBO TAX would NOT let me go on in my taxes until I chose the payment option and I didn't even get the full Return I was promised. This has been a NIGHTMARE just to get the stimulus check ( it was sent to the wrong bank account and then sent to the wrong address which I had updated last year on TURBO TAX ) Has anyone else ran into this ? If so what did you do to get your check- I have a feeling its going to be hard just to get the 3rd stimulus check. I have no kids and I make less than 30,000 so I am more than qualified for the stimulus check ( I got the first one with no problem)
If you didn't receive your second stimulus check, you should have been able to claim the Recovery Rebate credit on your 2020 tax return. The stimulus is just an advance on that credit. You stated that you did this.
You should first check your IRS account to see if you can figure out what has happened. It could have been issued and never received, or it could have been stuck for some other reason. The account should be able to provide history and information. The next step would be to communicate with the IRS through the account. Here is the link to see your Online Tax Account.
The following are two other links that can help with regards to stimulus payments:
If you are still waiting for your stimulus payment, you can check the following TurboTax link for help.
For refund inquiries, please visit the IRS website to see their refund status tool.
I filed for my mother and myself. I did not include the second stimulus check because it arrived in January and I thought it would count for this year's taxes. We filed before February 12th and still have not received anything. Should I file an amendment for both of us? How long is too long to wait?
No, you should not file an amendment. The IRS has urged taxpayers not to amend their returns and has said that they will make adjustments according to the new laws that were passed under the American Rescue Plan. Here are links to articles and FAQs about the stimulus:
What if my IRS refund is taking longer than 21 days?
How will the third stimulus impact me?
How will I know if I was issued a stimulus check?
What if I already filed my 2020 taxes?
I filed my 2020 tax return but notice after that I did not received my 1st & 2nd stimulus payment for one of my dependents. I spoke to a turbo tax rep and she said I needed to amend but I don't know how to change or fix it.