After you file

The $12,400 is the standard deduction which reduces your taxable income. You find your total refund on line 34 of Form 1040 if you are getting a refund (balance owed is on line 37).

If you didn’t get your full first and second stimulus payments, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return.

 To claim the credit in TurboTax, please follow these steps:

1. Log into TurboTax.
2. After entering all your information click "Federal Review" at the top of your screen. 
3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
6. Any stimulus amount remaining due to you will show as the Recovery Rebate Credit on line 30 of the 1040 (the full amount is $1,800 for yourself if you didn't receive any payment before).

The Recovery Rebate Credit will be included in your total refund shown on line 34 of Form 1040 and in TurboTax. 

The third stimulus payment that is currently issued is $1,400 but will be paid separately from your 2020 tax return. Please see How will the third stimulus impact me? for additional information.

To be eligible for the recovery Rebate Credit you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

You cannot be claimed as a dependent by someone else to be eligible. 

Your credit amount will be reduced if your 2020 adjusted gross income (AGI) is more than: 

• $150,000 if married and filing a joint return or filing as a qualifying widow or widower
• $112,500 if filing as head of household or
• $75,000 for eligible individuals filing as a single or as married filing separately.  

Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )

I'm very sorry for your loss and wishing you strength through this difficult time.