AlanT222
Expert Alumni

Get your taxes done using TurboTax

Stimulus payments were advances on the Recovery Rebate Credit.

If you received the full amount of both stimulus payments (Economic Impact Payments), you won’t get any additional credit on your return this year since you’ve already received the full amount of the credit as stimulus payments.

TurboTax automatically calculates the Recovery Rebate Credit for you.  Once you enter in the stimulus payments you received, the Recovery Rebate Credit is reduced, not your refund.  

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