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I received the first stimulus payment. Should I report it in TurboTax? If yes, where should it be reported?

 
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Cynthiad66
Expert Alumni

I received the first stimulus payment. Should I report it in TurboTax? If yes, where should it be reported?

Yes.

Stimulus payments were advances on the Recovery Rebate Credit.

 

If you didn't receive the full amount for your first or second-round stimulus payments, we'll help you claim the Recovery Rebate Credit when you file your taxes this year.

We'll make sure you get the money you qualify for by double-checking the amount and quantity of stimulus payments you received.

Here’s how:

  • Enter all of your federal return information as you would normally. During the Federal Review, we’ll check if you meet eligibility requirements for the stimulus payment. If you meet the requirements, you'll see a It looks like you qualified for the stimulus, did you get any payments? screen. We'll ask a few questions about any payments you've already received and then let you know if the Recovery Rebate Credit applies.
    • If you need to make any changes to your stimulus credit responses, search for stimulus and select the jump-to link at the top of the search results to return back to the section. Enter your updated info and Continue.

It’s important that you enter the correct amount of each stimulus payment you received. The first stimulus payments were made between April and September of last year, while the second round of payments were delivered during January and February.

 

How to Claim the Recovery Rebate Credit - Recovery Rebate Credit is the Stimulus Check

 

If you didn’t get the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit

 

All first and second Economic Impact Payments have been sent. Check your final payment status in Get My Payment.

 

If you didn’t get any payments or got less than the full amounts, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim the credit even if you don’t normally file.

See Recovery Rebate Credit for more information.

 

IRS Recovery Rebate Credit

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