To verify, did you receive the third stimulus payment in 2021 and entered this when TurboTax asked? You only can qualify for the Recovery Rebate Credit if you did not receive it and met the following requirements.
You cannot be claimed as a dependent by someone else to be eligible.
Your credit amount will be reduced if your 2021 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 )
Also, the maximum amount is $1,400 ($2,800 if married filing jointly) plus $1,400 for each qualifying dependent.
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