Recovery Rebate Credit for 3rd Stimulus Check

Forum|Forum|4 years ago
December 3, 2021
2 replies
35 views

In TurboTax Deluxe 2021:

The Recovery Rebate Credit worksheet allows credits based on 2021 income for only the first and second stimulus checks (EIP1 and EIP2). Does anyone know how the information should be entered to calculate the credit for the 3rd stimulus check, again based on 2021 income?

Critter-3

Level 15

The section for the third stimulus payment is NOT functional yet ... it may show up in the same place as the first 2 payment reconciliation section did last year ... it was in the FEDERAL REVIEW section as you entered it.

NKA25Author

Level 2

Thanks - I'll keep an eye out for it.

DoninGA

Level 15

The Recovery Rebate Worksheet in the TurboTax 2021 software is still using the same worksheet as was used for a 2020 tax return. The software has not been updated to reflect the current Recovery Rebate Credit for the third stimulus payment.

The IRS has not finalized the 2021 Form 1040 or the instructions for the 2021 Form 1040. Once the instructions have been finalized by the IRS then the TurboTax software can be updated.