DoninGA
Level 15
Level 15

State tax filing

@Sugabear942 wrote:

I am very confused each TurboTax expert representative tells me a completely different story I was told literally by the IRS upon their needing to verify my identity that If I did not receive my Stimlus check in 9 weeks for the 1sr two payments file it as a recovery rebate line % 30 for my 2020 taxes an that No Stimlus payment could be taken or held back for any reason than IRS garnishing my wages or my wages being garnished period or child support those were the only reasons to hold Stimlus payments so there for now if IRS is specifically stating that we have to file it as Recovery Rebate in order to receive the 1st two if they were not received just so that they can take it

IRS website for Recovery Rebate Credit FAQ's - https://www.irs.gov/newsroom/recovery-rebate-credit-topic-e-receiving-the-credit

 

A2.  Yes, it will be. The COVID-related Tax Relief Act of 2020 clarifies that while the Economic Impact Payments could not be offset for back taxes, an overpayment of your 2020 income tax liability including the Recovery Rebate Credit can be applied to pay them.

A3.  Yes, it may be to the extent that you have an overpayment of your 2020 income tax liability. The Recovery Rebate Credit can be reduced to pay debts owed to Federal or state agencies.

‎March 14, 2021 6:44 AM
2,282 Views
Reply
Bookmark Icon