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Get your taxes done using TurboTax
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The Economic Recovery Credit is calculated based on the number of children under 17 years old. You must answer the question to receive the correct amount of rebate credit. The Recovery Rebate Credit form have 2 specific questions on line 16 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 bypass line 16 and 19 or incorrectly entered an amount, the IRS will reconcile and will do the necessary adjustment.
March 17, 2021
6:27 PM