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Deductions & credits
There is an issue with how turbo tax is working related to the stimulus tax credit. I did not receive my 1st payment but did get my 2nd. I was told by the IRS, and confirmed via turbo tax's info, that I would be able to adjust my return to claim a credit for that missed payment as I was eligible. However, I did not get that prompt when I was completing my taxes.
After fiddling around I was able to figure out that the problem is that turbo tax is looking at my 2020 income to see if I qualify instead of 2019. I cannot see how to manually override this or even enter the proper info into line 30 on the 1040.
I cannot find anywhere that says that I am no longer eligible because I ended up with higher income in 2020.
‎February 13, 2021
12:07 PM