Get your taxes done using TurboTax
I tested in the program TTO Deluxe and it calculates correctly. I am attaching two images below to show how it looks on the screen.
Make sure you enter 2400 in the first box as first round then 1200 in the second box as second round. Check there should be blank on line 30 of your Form 1040.
The Recovery Rebate Credit is a credit that was authorized by the CARES Act. If you were eligible for an Economic Impact payment, commonly referred to as a stimulus payment, but did not receive one or you received less than the full amount as an advanced payment in 2020 then you can claim the Recovery Rebate Credit on your 2020 tax return. To learn more, click here: Recovery Rebate Credit
