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After you file
So.... Did the IRS see the $1200 I entered in Box 30 and recalculate my refund (by subtracting $1200) without telling me anything?
Here's some answers I've found on the IRS sight to this question:
A3. No, the IRS will not reject your tax return if you made an error in calculating your 2020 Recovery Rebate Credit.
If you made a mistake on the line 30 amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made.
March 19, 2021
4:20 PM