Stimulus check
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Stimulus check

Hello!

 So last year I filed my 2019 taxes by myself using turbo tax, being it was the first time I had filed by myself I had put that I could be claimed as a dependent even though I wasn’t by my parents. So when the stimulus checks went out I did not receive anything because I put I could be claimed. This year I seen something about filing a Recovery Rebate credit. Just wanted to see how to go about receiving my missed stimulus checks this year.

5 Replies
Employee Tax Expert

Stimulus check

If you are not a dependent in 2020, you'll be able to claim both stimulus payments as the Recovery Rebate credit on your 2020 tax return.

 

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

  1. Sign into your account and continue from where you left off
  2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
  3. On the next page titled Let's make sure you got the right stimulus amount, click on Continue
  4. Follow the interview
  5. TurboTax will determine whether you are entitled to any additional stimulus
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
New Member

Stimulus check

what if I decide not to file with TurboTax? What sort of paper work would I need to show? I read something about having to need a letter from the IRS about the payment you received. I didn’t receive any letter which I’m guessing the people who got their stimulus but just didn’t receive the full amount only got.

Employee Tax Expert

Stimulus check

I'm not sure what documentation you would need to provide to a tax return preparer, but the IRS knows how much stimulus money they sent you, so if you enter the wrong amount they would adjust your tax refund accordingly. So I wouldn't think you'd need any paperwork supporting your stimulus payments, unless you were applying for a refund anticipation loan.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
New Member

Stimulus check

Thank you! Another thing if I were to file my taxes on turbo tax would it be possible to do the Recovery Rebate Credit with just the Basic Live Turbo Tax option or would I have to upgrade the service? Also I wouldn’t have to pay the money back I receive right? or this wouldn’t effect my credit would it?

Employee Tax Expert

Stimulus check

No, the Recovery Rebate Credit is included on the Basic Edition; no upgrade needed for that credit. 

 

No, there is no payback option and receiving a tax credit will not affect your credit files.    

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
v
Privacy Settings