When you prepare your 2020 return you are supposed to enter the stimulus amounts you already received in the recovery rebate credit section so that you do not end up "double dipping" and getting the payments twice or have your refund delayed while the IRS has to cross check to see if you got it.
The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040.
Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.
The stimulus money you received is NOT TAXABLE.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
