JohnW152
Expert Alumni

Retirement tax questions

When you begin entering your information into TurboTax, the program assumes that you haven't received stimulus payment, so it begins by with the assumption that you're eligible for the maximum amount, based on the initial information you've entered.

When you enter the amount of stimulus you've actually received, it adjusts your refund to account for that.

The IRS requires you to report all relevant stimulus information when you’re filing your return.