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Do I have to enter the amount of our economic impact payments from 2021?

 
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2 Replies

Do I have to enter the amount of our economic impact payments from 2021?

Yes but only the 3rd one.   If you got one in Jan-Feb that was the 2nd one for 2020.   Ignore that one.  The 3rd one came out starting in March.   You should have received letter 6475 from the IRS saying how much the sent you.  Or you can get it from your IRS account

Your Online Account | Internal Revenue Service

 

To get to the stimulus questions in TurboTax at any time, you can search for stimulus or recovery rebate credit then hit ENTER and there should be a Jump to link

 

If you are trying to trigger it,

Click on Other Tax Situations at top

Click on Let's get started

Answer some questions then Continue

Then click on Let's keep going

Next screen is for the Third Stimulus, if you qualify

 

 

AamilD
Expert Alumni

Do I have to enter the amount of our economic impact payments from 2021?

Yes, you will have to enter the economic payments you have received in 2021.

 

You would have received Letter 6475 in Mail from the IRS. You would enter the amount stated in that letter.

 

 

Follow the steps below to enter your information for the Rebate Recovery Credit.

 

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

  1. Sign into your account and continue from where you left off.
  2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen.
  3. On the next page titled Let's double-check the amount you received; you will be able to enter the amount you have received.

 

 

 

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