Daviator
New Member

Recovery Rebate Credit - My income went down in 2020.

I'm married filling jointly and have 1 minor dependent.  My income in 2019 was high enough that my stimulus check was adjusted down.  I received $2900 for the first one, and $1244.35 for the second payment.  The first one is the full amount (1200+1200+500), because it was calculated from my 2018 AGI.  By the time the second check was sent I had already filed my 2019 taxes and the AGI for 2019 is $161,xxx.  Hence the lower amount.  Should have been 600x3=1800, but was scaled down to 1244.35.  

 

So now that I have filed my 2020 taxes AGI 149,xxx don't I qualify for the whole amount?  When I filled out the section on Turbo Tax that was asking about the amounts that I received, the software said that I already received all that I was owed.  I now believe that calculation was wrong for some reason.  To complicate matters a bit more I already did file my 2020 taxes returns with the IRS and its already been "accepted".  I believe that my return should be adjusted by $555.65 in my favor.