LenaH
Employee Tax Expert

Deductions & credits

If you are qualified based on the requirements. and did not get the full amount of the first and second stimulus payments, then you may qualify for the Recovery Rebate Credit. The 2021 tax return will only reconcile the third stimulus payment. 

 

Please follow the steps below:

  1. With your return open, search for stimulus with the magnifying glass tool on the top of the page.
  2. Select the Jump to Stimulus in the search results to directly go to correct TurboTax page.
  3. You will come to a page titled Let's double-check the amount you received and it will list the first-round and second-round payments based on your 2020 return.
  4. Answer No for the question, Is this what you received? 
  5. Enter the amounts of the first and second round stimulus payments you received. I have attached a screenshot below for additional guidance. 

Your Recovery Rebate Credit will be the difference between what you were qualified for on your 2020 tax return less the amount of your first and second stimulus payments you have already received.

 

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