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Jamnnprogramn
Level 2
December 31, 2020
Solved

Turbotax asks me if I received the stimulus in 2020. When I select "no", it gives me a $1200 stimulus credit when my 2019 income was too high to be eligible for it. Why?

  • December 31, 2020
  • 2 replies
  • 27 views
I shouldn't be eligible for this but see no way to opt out? I feel like it's priming me for an audit. Any help would be much appreciated!
Best answer by DoninGA

The Recovery Rebate Credit is based on your 2020 tax return, not your 2019 tax return.

2 replies

DoninGA
Level 15
DoninGALevel 15Answer
Level 15
December 31, 2020

The Recovery Rebate Credit is based on your 2020 tax return, not your 2019 tax return.

JamnnprogramnAuthor
Level 2
December 31, 2020

Wow, you're fast AND good. Thank you!!

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