There is a Recovery Rebate Credit Worksheet that calculates the amount. If you have the CD/download product or have already paid for your Online product, you can see this.
If not, then the calculation is generally like this:
1. In most cases, you start with $1,200 each for the taxpayer and spouse,
2. Then you add $500 for each dependent under 17.
3. Then you add $600 each for the taxpayer and spouse,
4. Then you add $600 for each dependent under 17.
5. You apply a limit to this sum based on your AGI, which may or may not reduce the number you have so far.
6. Then you subtract the amount you told TurboTax that you actually received for EIP1 (the first stimulus payment),
7, Then you subtract the amount you told TurboTax that you actually received for EIP2 (the second stimulus payment).
Whatever is left over goes on line 30.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
