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Get your taxes done using TurboTax
The Economic Recovery Credit is calculated based on the number of children under 17 years old. The form have 2 specific questions on line 18 and 19: How much was EIP1 received, if you're married enter $2,400; second question was How much was EIP2, enter $1.200, if married. If you accidentally bypass those questions, no worries. The IRS will reconcile and will do the adjustment. Under American Rescue Plan signed in 3/21/2021, most taxpayers received the 3rd Economic IImpact Payment or stimulus.
March 17, 2021
2:34 PM