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Get your taxes done using TurboTax
It is applicable. And you should be able to proceed after your review the following information.
The stimulus payments sent out in 2020 were based on the 2019 tax return and income on that return. However the payments are intended to be reconciled on the 2020 return, using the income for 2020. This means that if you qualify for more of the stimulus money it will be a credit on your tax return by using the IRS Recovery Rebate Credit.
As long as you have recorded the payment received in the stimulus section of the return, you should be confident the end results are correct.
In TurboTax Online, to claim the Recovery Rebate credit please do the following:
- Sign into your account and continue from where you left off
- Click on Federal in the left-hand column, then on Federal Review on the top of the screen
- On the next page titled Let's make sure you got the right stimulus amount, click on Continue
- Follow the interview TurboTax will determine whether you are entitled to any additional stimulus
- Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.
- See the image below for assistance.
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‎February 18, 2021
12:15 PM