DMarkM1
Expert Alumni

Deductions & credits

The refund you are entitled to is not reduced by Economic Impact Payments.  You should look at your form 1040 to see what is happening.  To see your form 1040 before filing:

  1. "Tax Tools" in the left hand menu

  2. "Tools"

  3. "View Tax Summary" in the main screen

  4. "Preview my 1040" in the left hand menu

Look at line 30 before you add the stimulus payment and then again after you add the stimulus payment.  Your return originally calculated your refund/tax owed as if you had not received any stimulus payment.  Once you put in the payment you already received  the Recovery Rebate Credit is removed. 

 

 

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