For the second stimulus payment the IRS is commonly mailing out checks or debit cards even though the previous check was deposited directly onto a card or bank account. Perhaps it's because they have to send the stimulus payments out by January 15.
If you don't receive your check by the time you file your tax return, you can make an adjustment on your 2020 tax return for stimulus payments you qualify for, but have not received.
To do this in TurboTax, please follow these steps:
- Enter the information in your return.
- Click Federal Review at the top of your screen.
- On the screen, Let's make sure you got the right stimulus amount, click Continue.
- You will be asked about the amounts of first round and second round stimulus payments you received.
- TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to. This will show as a credit on line 30 of the 1040.
