@ourfamily123 wrote:
I dont understand. Im filing and for 2020 we are suppose to enter the 2nd stim that was received and deposited directly into bank in 2021? What rebate credit are you talking about?
so even though it came in 2021 we are suppose to report it for 2020 taxes?
Yes, the stimulus payment you received in 2021 is an advance tax credit based on your 2020 federal tax return. You report receiving the stimulus payment on the 2020 tax return.
