HelenC12
Expert Alumni

Get your taxes done using TurboTax

@wyattsmommy2021

 

To file for the stimulus payment (Recovery Rebate Credit),  just start with TurboTax Free. In TurboTax, search for stimulus and select the jump-to link at the top of the search results. Continue with the onscreen interview until complete.  

 

You may also be able to use the IRS Free File Program delivered by TurboTax . It's geared towards lower-income filers, regardless of tax return complexity, and is only offered through the IRS Free File Alliance (FFA) program. No upgrades are available.

 

To be eligible for the Recovery Rebate Credit, you

  • Must be owed an additional amount based on the information in this year’s 2020 Tax Filing. The maximum amounts are:
    • First payment: $1,200 ($2,400 if married filing jointly for 2020) plus $500 for each qualifying child you had in 2020; and
    • Second payment: $600 ($1,200 if married filing jointly for 2020) plus $600 for each qualifying child you had in 2020
  • Must be a U.S. citizen or U.S. resident alien,
  • Have a valid Social Security number, and
  • You can’t have been claimed as a dependent on someone else’s 2020 tax return

In general, taxpayers without an eligible Social Security number are not eligible for the credit. However, married taxpayers filing jointly where one spouse has a Social Security number and one spouse does not, are eligible.

 

There are also AGI limits to receive the full amount of the credit. Your adjusted gross income (AGI) must be below,

  • $75,000 for individuals
  • $112,500 for heads of household
  • $150,000 for married, joint filers

For filers with income above those amounts, the credit amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:

  • An individual without children will not receive any credit if their AGI exceeds $87,000
  • A couple without children will not receive any credit if their AGI exceeds $174,000
  • A family of four will not receive any credit if their AGI exceeds $198,000

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"