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Get your taxes done using TurboTax
Hi PattiF,
Thank you for your quick reply! IRS used my 2019 income to issue my 3rd stimulus check.
I followed your instructions. Jump to 'stimulus', then in screen 'We're Ready to Review Your Federal Return', I selected "No, I have something to enter" but TT listed W2, 1098, etc. and NOT STIMULUS PAYMENT. I think because my 2021 AGI is more than $80K.
To test, I changed my 2021 income to less than $80K, then TT asked me about the stimulus amt. My 2021 income caused TT not to ask me about stimulus. Do I have to report it? If so, how?
Thank you!
No, you do not need to report the stimulus payment in your tax return because your AGI is too high to qualify for a Recovery Rebate Credit. Since the stimulus payment is not taxable, you do not need to report it.
[Edited 03/12/22:12:09 PM PST]