3132lucycat
Returning Member

Stimulus recovery credit

I was under the impression that the $1200 and $600 stimulus checks were not taxable for 2020 and would not have any effect on refund amounts due. When I reply to "Let's Double-Check the Amount You Received" screen with "Yes" agreeing to the $1200 and $600 amounts, it reduces the amount of refund by a sizable amount. It was my impression that these amounts would be offset by an entry on line 30 of the return. Am I confused?