JohnW152
Expert Alumni

Deductions & credits

When you begin entering your information into TurboTax, the program starts with the assumption that you haven't received stimulus payment, and are therefore entitled to the Recovery Rebate Credit on your return. 

When you enter the amount of stimulus you've actually received, it adjusts your refund or balance due to account for that.

The IRS requires you to report all relevant stimulus information when you’re filing your return.