Anyone else notice they are charging us tax on the stimulus that was not to be taxed? There is no way I made 16K April-Sept, anyone else w/ same issue?

Forum|Forum|5 years ago
March 3, 2021
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TurboTax Deluxe Online

xmasbaby0

Level 15

You are not being taxed on your stimulus check. You might be misinterpreting the flow of information on your tax return, though.

You might have become confused by the flow of information in the software. That "refund monitor" on your screen displays a "refund" amount that includes the stimulus money. as part of your 2020 refund. The software starts off by giving you the stimulus money as part of your refund. But later when you enter the amount of stimulus you really received already, it removes the stimulus already given to you. And it looks to you like you "lost" your refund, But ---you do not get the same stimulus money twice--that is why it came out.

Look on line 30 of your Form 1040 for your recovery rebate amount.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**