Should The Economic Impart payment be listed on the tax forms?

[bank-rankin]

Is the Economic Impact Payment listed as Other Income?

[DanaB27]

No, the Economic Impact Payment is not listed as Other Income. The payments won't be included in your income at all. You only need to enter the stimulus payments received to calculate the Recovery Rebate Credit correctly.

Please follow these steps to enter the stimulus payments received:

1. Log into TurboTax.
2. After entering all your information click "Federal Review" at the top of your screen. 
3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
6. Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.

[Hollie2676]

I put in the amount of stimulus I got in 2021 which was all of them because in 2020 I didn't get them until I filed for the recovery credit last year.  Well, when I got my economic impact payment statement today it was just for the one stimulus for that year.  Will I need to amend my return.  I thought I needed to put the total I got since I got them all last year.  

[VolvoGirl]

You were not supposed to enter the first 2 Stimulus payments or the Recovery rebate credit amount from your 2020 return.   Just the 3rd Stimulus payment that came out starting in March 2021 which was 1,400 per person.  Did you get all of that one?

If you entered it all it's probably ok since it would be more than you qualify for and you shouldn't have an amount on line 30 this year for the Recovery rebate credit.   Line 30 is only if you qualify for more.   

[Hollie2676]

No it didn't say I would qualify for more.  I just hope it doesn't cause a delay in my refund.  I filed Jan 21 and just got the stimulus form in the mail today and immediately realized I was only supposed to put the amount of the one that was for this year, not the total I recieved because I was missed in 2019 and 2020. 

[VolvoGirl]

Did you get the right amount for the 3rd one?   If line 30 is empty you are ok and it won't delay you.  

How to get a copy after Efiling or printed for mailing.

https://ttlc.intuit.com/community/my-tax-return/help/how-can-i-access-my-return-after-i-ve-e-filed-o...

[KrisD15]

No, you do not need to amend

You should have only reported the amount of the THIRD stimulus that you received when you filed your 2021 return, but if you already DID get the third payment, it will be fine. 

It sounds like you now have received all the economic payments (so far)

and

you reported more than you should have as received on the 2021 return

It would result the same as if you reported only the third on the 2021 return. 

You won't get any more as a credit. 

You won't be penalized for reporting that you received more. 

You DO NOT need to file an amended return

ONLY IF YOU DID NOT GET THE PAYMENTS, WOULD YOU NEED TO AMEND 

[Hollie2676]

Yes they got me all caught up with my last tax return! It does not say I will be getting anymore stimulus.  I just dont want the IRS thinking a recieved like the stimulus for this year twice or something.  Taxes make me nervous.  I appreciate your response!!