PeterBirdDog
Returning Member

Deductions & credits

The IRS does not seem to know it's own rules, directly from the IRS website. "Economic Impact Payments were based on your 2018 or 2019 tax year information. The Recovery Rebate Credit is similar except that the eligibility and the amount are based on 2020 information you include on your 2020 tax return." I used TurboTax to complete my taxes and it calculated a rebate credit, the IRS denied the credit! I spoke to two different IRS representatives and they both said because my 2019 income was to high I did not get the credit. Yet their own website says based on 2020 income. Obviously either TurboTax is calculating wrong or the IRS is wrong. I have already written my congressional rep. and both senators to see what the IRS tells them.