Deductions & credits


@OldSalt13 wrote:

I just created a new shadow return.  Question must be well hidden in Federal Review since I never saw it.  Probably why the IRS has 9 million correction letters this year,


There are only two reasons why the question for receiving the 3rd stimulus payment would not be presented -

1.  You are being claimed as a dependent (or)

2.  Your 2021 Adjusted Gross Income is over the maximum for receiving the Recovery Rebate Credit

• Single or married filing separately—$80,000
• Married filing jointly or qualifying widow(er)—$160,000
• Head of household—$120,000

 

You keep the 3rd stimulus payment you received, it does not have to be paid back.