The $600 stimulus was in January 2021, why would that impact my 2020 taxes? Different years, makes no sense.
DanaB27
Expert Alumni
Mar 20, 2021 5:19:17 AM
The first and second stimulus payments had to be entered on your 2020 tax return to calculate the Recovery Rebate Credit correctly. The Recovery Rebate Credit is only for people who did not get the correct amount of first and second stimulus payment. If you received the first and second stimulus payment in full then you do not qualify for the Recovery Rebate Credit.