Deductions & credits

Yes, you may be able to claim the credit if you meet the stimulus requirements below. TurboTax will calculate if you qualify, also. Please see How do I claim the Recovery Rebate Credit in TurboTax?

To be eligible for the first stimulus payment: Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200  ($2,400  for a joint return) if you (and your spouse if filing a joint return)  are not a dependent of another taxpayer and have a Social Security number valid for employment and your 2020 adjusted gross income (AGI) does not exceed:

• $150,000  if married and filing a joint return
• $112,500 if filing as  head of household or
• $75,000  for eligible individuals using any other filing status
  Your payment will be reduced by 5% of  the amount by which your AGI exceeds the applicable threshold above.

You are not eligible for a payment if any of the following apply to you:

• You may be claimed as a dependent on another taxpayer’s return (for example, a child or student who may be claimed on a parent’s return or a dependent parent who may be claimed on an adult child’s return).
• You do not have a Social Security number that is valid for employment.
• You are a nonresident alien.
  The following are also not eligible: a deceased individual or an estate or trust.

To be eligible for the second stimulus payment: 

your 2020 adjusted gross income (AGI) is below,

• $75,000 for individuals
• $112,500 for heads of household
• $150,000 for married, joint filers

You should receive $600 per individual plus $600 per qualifying child.

For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:

• An individual without children will not receive any payment if their AGI exceeds $87,000
• A couple without children will not receive any payment if their AGI exceeds $174,000
• A family of four will not receive any payment if their AGI exceeds $198,000