Retirement tax questions

You will need to review your input to ensure the correct stimulus payments received are reflected on your tax returns.  The Recovery Rebate Credit is calculated based upon your input and is used to account for any stimulus payments you may not have received yet but were entitled to.

Recovery Rebate Credit eligibility

When you prepare your 2020 income tax return, be sure to do the following to ensure the credit is calculated correctly on your income tax return.

In the Federal section, select the Federal Review interview section at the top of the screen.

This will take you to the input section for the Recovery Rebate credit.

Be sure to indicate the actual amount of each stimulus payment you received on the page that asks if you received a stimulus payment. 

There will be two boxes and both need to be completed. 

If you did not receive any stimulus payments, please indicate We didn't get a stimulus payment by checking that box.