@Pam522 wrote:
We are trying to enter the stimulus payment on Turbotax and it shows it as taxable income. Meaning, it adds to the amount of taxes we owe. I thought the stimulus payment wasn't taxable. What are we doing wrong?
No, the stimulus payment you received does not add to your income.
When you started your return the TurboTax program included the Recovery Rebate Credit on your return. When you indicated that you received the stimulus payments, the program removed the Recovery Rebate Credit.
