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Level 1
November 14, 2020
Question

If my income in 2019 was too high to qualify for the economic impact payment (aka stimulus check) but my income in 2020 will make me eligible, what do I do in turbo tax?

  • November 14, 2020
  • 2 replies
  • 12 views
will I be eligible for a $1,200.00 tax credit on my 2020 tax return?

2 replies

Critter-3
Level 15
November 14, 2020

When you complete the 2020 return with a fully operational program (sometime in Jan or Feb next year) then if you are eligible for the 2020 credit you will get it.  Failure to get the credit in advance is not a deal breaker. 

Level 15
November 15, 2020

when you finish the 2020 tax return look closely at Line 30 of Form 1040.  The credit should appear there.