Any update on this topic?
My situation is that my wife and I were just over the 2021 stimulus AGI threshold limit for joint filers when we filed our 2020 taxes. We received only a small amount of 2021 stimulus funds due to the steep AGI phase-out over $150K. I realized after filing the 2020 return that if I made a max IRA contribution it would increase the 2021 stimulus to nearly the full $2800 and also increase our 2020 recovery rebate by $700 since I earned no income in 2020. It also turns out that the IRA contribution will also significantly increase our Federal and State tax refund. So I intend to amend our 2020 return.
Question: If I file the amended 2020 return to reflect the IRA contribution, will the amendment trigger the additional stimulus funds to be sent? Also, during the amendment preparation process in TurboTax, will it prompt me regarding the amount of 2021 stimulus we have already received so it computes the corrected 2021 stimulus amount (or is it not part of the amendment process)?
