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Deductions & credits
Turbotax says based on my AGI of $79,805 I'm eligible for the full $1200 first stimulus and the full $600 second stimulus. I received $698.50 from the first stimulus already. When I plug that in, it says I'm only due a $621 credit. That doesn't add up to the expected $1,105.50. What gives?
Further I don't understand where Turbotax is getting my AGI from. It looks like it excluded $10,800 out of $17,892 from my AGI. But, didn't the IRS come out and say all unemployment is excluded from AGI for purposes of calculating stimulus payments?
‎April 14, 2021
10:51 AM