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Deductions & credits
The stimulus payments were advanced payments for 2020. The IRS used 2018 and 2019 tax information for those payments because it did not have 2020 info at that point.
The Recovery Rebate Credit is designed to sync up the stimulus payments with what you are supposed to receive. It is based on 2020 information and the instructions for completing the RRC worksheet are included in the IRS’ 2020 tax instructions.
Check your RRC worksheet. You may have complete that wrong in TurboTax. To calculate the correct credit, you need the actual amount of stimulus payments you received.
If you put in the correct amounts, it’s possible that one of your payments was lost if sent by mail so your records are different from what the IRS has.
To start a payment trace:
- Call the IRS at 800-919-9835
- Mail or fax a completed Form 3911, Taxpayer Statement Regarding Refund
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