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Deductions & credits
This is right out of the 1040 instructions. I clearly states rounds 1 and 2 of the economic impact payments were based off of 2018 or 2019 income. The third round called the recovery rebate credit payment is based off the 2020 income. So TT is calculating incorrectly, and needs a fix.
Line 30
Recovery Rebate Credit
The recovery rebate credit was paid out
to eligible individuals in two rounds of
advance payments called economic impact payments. The economic impact
payments were based on your 2018 or
2019 tax year information. The recovery
rebate credit is figured like the economic
impact payments except that the credit
eligibility and the credit amount are
based on your 2020 tax year information. If you didn’t receive the full
amount of the recovery rebate credit as
economic impact payments, you may be
able to claim the recovery rebate credit
on your 2020 Form 1040 or 1040-SR.