DawnC
Employee Tax Expert

Deductions & credits

You will be able to collect the difference when you file your tax return.  The amount sent was based off of previous years' filings.  If you don’t receive the correct amount of stimulus payment, you can claim the Recovery Rebate Credit when you file your 2020 taxes and it will provide the same amount of payment as the stimulus would have. TurboTax will guide you through this to make sure you get every dollar you deserve.

 

We suggest that you save your IRS letter-Notice 1444 which is mailed after the IRS provides you with a stimulus payment. You can use that info when you file your 2020 return to make sure you’ve received the amount you deserve. If your stimulus payments weren’t correct, you may receive the funds as a credit which can add to your refund.

 

The software is not yet ready and tax filing does not open up until the end of the month.  But by that time, the software will be able to handle getting you the 2nd payment and any portion of the first payment that you did not receive.  

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