@mmkeil66 wrote:
We did not get any stimulus checks in 2020 because we took extra money out of our retirement accounts in 2019 that put us over the eligibility guidelines. Our 2020 income is within the eligible range. Does this mean we are entitled to receive both stimulus checks based on the 2020 income?
Yes. The Recovery Rebate Credit is based on the 2020 AGI.
The stimulus questions are asked in the Federal Review section of the TurboTax program. Any payment you were eligible to receive based on the 2020 Federal tax return but did not receive will be entered on the Federal tax return, Form 1040 Line 30 as a tax credit. The credit is included in the federal tax refund or it will reduce the amount of federal taxes owed.
