DawnC
Employee Tax Expert

Deductions & credits

Normally, you would not include money you received in Jan 2021 on your 2020 tax return, so it is completely understandable that you did not include it.   However, 2020 was anything but normal, so in your case, you do want to indicate that you did in fact receive the payment.   You can fix this if you do it today.  

 

If you have already received your stimulus payment and also claim the Recovery Rebate Credit on your return, this will trigger a review at the IRS that could delay the time it takes to process your return and for you to receive your tax refund.

 

We know how important these funds are and don’t want you to experience any delay in receiving your tax refund. Since the IRS has not opened yet, we would like to give you the opportunity to review and update the Recovery Rebate Credit portion of your 2020 tax return before they open on February 12th. 

 

If you want to review and update your 2020 return, please enter your information here by February 6, to have your 2020 tax return sent back to you.  You will then receive an email from TurboTax on February 8, letting you know that your return is available and providing you with detailed instructions on how to review, update and re-file your tax return without the Recovery Rebate Credit.    @Robert-1491

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