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Retirement tax questions
I think what you mean is your refund is more than the unemployment income you received as reported on your 1099-G form?
If so, you may be getting a Recovery Rebate Credit if you didn't receive all of the stimulus payments you were entitled to. You were due a stimulus payment of $1,800 for yourself and more for your spouse and children if applicable to you.
In TurboTax you were asked to enter how much you received, if you entered less that $1,800, then you may have had some stimulus money added to your refund.
You can look on line 30 of your form 1040 to see if you have a Recovery Rebate Credit while working in TurboTax online by using these menu tabs:
- Tools
- Tax Tools (left side of the menu bar)
- View Tax Summary
- Preview my 1040 (left menu bar)
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March 3, 2021
1:03 PM