@tsmurphy79 wrote:
I still don't understand. So the money from the 3rd Stimulus was just a loan that we all have to pay back? What am I missing here about paying all of the $2800 in taxes due?
No it was not a loan.
The TurboTax program does not know you received the 3rd stimulus payment so it gave you the Recovery Rebate Credit of $2,800 and included that on your Form 1040 Line 30. When you were asked if you received the 3rd stimulus payment and you indicate Yes the amount received was $2,800, the program removed the Recovery Rebate Credit from your tax return. You cannot get the same payment twice.
