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Deductions & credits
Yes, you can receive the Recovery Rebate Credit on your 2020 tax return as long you do not indicate that you can be claimed by someone else on their 2020 tax return and no one claims you on their 2020 tax return.
The amount you are eligible for is based on stimulus rounds one and two and the information in your 2020 tax return. TurboTax will make the calculations for you as you answer the interview questions for your tax return.
Here is a link with more information on the Recovery Rebate Credit eligibility and calculations.
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‎February 8, 2021
5:23 AM