DianeW777
Expert Alumni

Deductions & credits

You will need to update your Recovery Rebate Credit (RRC) worksheet to reconcile all of your stimulus payments on your 2020 tax return.

 

IRS Recovery Rebate Credit

 

Select Federal Review at the top of the page > Continue to answer the questions for Let's make sure you got the right stimulus amount

TurboTax will then include any stimulus amount due on their 1040 form - either added to their refund or it will reduce the amount due.

Check Form 1040, Line 30, for any amount or zero depending on what you have previously received.

 

By using the Tax Tools you can take a quick review of your 1040:

  • To find Tools: 
    • Sign into your TurboTax account and open or continue your return. 
    • Select Tax Tools in the left menu. 
    • You'll find Tools beneath Tax Tools.
    • Select View Tax Summary
    • Select Preview My 1040 (left black panel)
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