No. It will not skip over the recovery rebate form if you do not qualify. If your son qualified in 2020 based on the guidelines listed below, and did not get a credit on Line 30 of his 1040, then he will have to amend his return. The IRS will not calculate the 2020 Recovery Rebate Credit for you if you did not enter any amount on your original tax return.
If his e-file is still pending, he won't be able to make changes until the IRS either accepts or rejects his return. If his return is accepted, please follow the directions on the How do I amend my 2020 return? If his return is rejected, then you can add the Recovery Rebate Credit as he is fixing the other errors on his return.
Please follow these steps to get to the recovery rebate form:
- With your return open, search for stimulus with the magnifying glass tool on the top of the page.
- Select the Jump to Stimulus in the search results to directly go to correct TurboTax page.
Please keep in mind that the Recovery Rebate Credit is calculated based on your 2020 income, whereas the stimulus payments were based your 2019 tax return or last return filed. If a taxpayers' situation changes in 2020, they could get a partial or the full stimulus payments based on their 2020 income.
Per the IRS, your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $75,000 if you filing single. The credit phases out at a rate of 5% for AGI's over 75,000.
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