You can reconcile your stimulus money on your return. On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.
If you didn’t get your full stimulus payment, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return. You cannot be claimed as a dependent by someone else to be eligible.
To do this in TurboTax, please follow these steps:
For additional information please see Stimulus FAQ at the end of the TurboTax article.
You can reconcile your stimulus money on your return. On your 2020 return (filed in 2021), you will be asked about the stimulus money. Enter any amount you have already received (if any) . Then the program will calculate if you are owed more money (which would include any amount you qualify for the second stimulus money), or it will show you don't qualify.
After the Other Tax Situations section (Federal Review) of the 2020 TurboTax program you will be asked about the stimulus payment received or not received.
After you asked about the stimulus payment & you qualify, you will get the Recovery Rebate Credit (stimulus) on the 2020 federal tax return, Form 1040 Line 30.
If you didn’t get your full stimulus payment, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return. You cannot be claimed as a dependent by someone else to be eligible.
To do this in TurboTax, please follow these steps:
For additional information please see Stimulus FAQ at the end of the TurboTax article.