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Deductions & credits
@rjs, Yes, I correctly entered the amount for both rounds.
My first-round payment was based on my 2018 AGI (since I filed my 2019 taxes after it went out) and was a pro-rated amount less than $2,400; we were above the AGI to receive the full stimulus amount, but still below the phase-out threshold.
My husband and I were not eligible for the second-round stimulus according to my 2018, 2019, or 2020 AGI.
Our 2020 AGI is higher than our 2018 and 2019 AGI. We have no dependents.
The error is with the TT software. How do I ensure that I don't receive an incorrect credit? According to this FAQ (https://www.irs.gov/newsroom/recovery-rebate-credit-topic-b-eligibility) we are not eligible.
Thanks.
‎April 14, 2021
5:28 AM