LenaH
Employee Tax Expert

After you file

More clarification is needed to answer your questions - Did you claim the Recovery Rebate Credit (Line 30) on your return and it later got adjusted by the IRS? If so, then the IRS determined you were not qualified for the credit because you got the full amount of the stimulus payments.

 

If you did not have any amount on your 1040, Line 30, then you should amend your return if you qualify for the credit. If you did not get the full amount of the first or second round stimulus payment because you did not qualify due to the last tax return filed, and now you qualify due to a change in circumstance, then you should get a Recovery Rebate Credit

 

Per the IRS, your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $150,000 if you are married filing a joint return or filing as a qualifying widow or widower, $112,500 if you are using the head of household filing status, or $75,000 if you are using any other filing status.

 

You will not be able to amend your return until it has been accepted by the IRS. Once your return is accepted, please follow the directions on the page How do I amend my 2020 return?

 

Then, please follow these steps to get to the recovery rebate form:

  1. With your return open, search for stimulus with the magnifying glass tool on the top of the page.
  2. Select the Jump to Stimulus in the search results to directly go to correct TurboTax page.
  3. Once complete, TurboTax will inform you if you qualify for the Recovery Rebate Credit. 

Regarding your stimulus payment, please check the status of your payment with the Get My Payment tool. 

 

Per the IRS, if your payment can’t be delivered to you for any reason, it will be returned to the IRS. To get your payment reissued:

  • Set up direct deposit with Get My Payment. After your payment is returned to the IRS, your payment status will update to “Need More Information.” You can then choose direct deposit to a:
    • Bank account
    • Prepaid debit card (must be reloadable; contact the card issuer for information)
    • Alternative financial products that have a routing and account number associated with them
  • Update your address with the IRS. The easiest way is to file your 2020 tax return with your current address, if you haven’t already done so. Once we receive your current address, we will reissue your payment.

For other ways to update your address with the IRS, see How do I notify the IRS my address has changed?

 

Please keep in mind that The IRS issues refunds and stimulus payments, not TurboTax.

 

@Natas

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