Dependents for the Recovery Rebate Credit are included for the credit calculation based on their qualifying for the child tax credit as a dependent on your tax return. They will automatically count for the Recovery Rebate Credit. The total amount of Recovery Rebate Credit is based on the information in the 2020 tax return only.
You will enter their information in the "Personal Info" section where you will "Add a dependent" and complete the interview questions to determine dependent eligibility.
You can access the stimulus questions by clicking the "Federal Review" tab in TurboTax or by typing "Stimulus" in the search box and using the "Jump to...link".
If you are claiming a qualifying dependent child age 16 or under on your 2020 tax return you will be eligible for the following amounts of credit.
Round one: $1200 (2400 if filed jointly) plus $500 for each qualifying dependent child age 16 or under
Round two: $600 (1200 if filed jointly) plus $600 for each qualifying dependent child age 16 or under
This total eligibility amount for the Recovery Rebate Credit will be reduced by any stimulus payments actually received in rounds one and/or two.
Here is a link to more information on the Recovery Rebate Credit eligibility and calculations.
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