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Deductions & credits
@bobbyBE TurboTax is calculating the Recovery Rebate Credit correctly, directly out of the Recovery Rebate Credit worksheet as shown on the Form 1040 instructions page 58 - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=58
The third stimulus payment is not part of the 2020 federal tax return. It is paid directly by the IRS who controls when and if the payment is distributed.
Go to this IRS website for the third stimulus payment - https://www.irs.gov/coronavirus/third-economic-impact-payment
‎April 12, 2021
1:52 PM