Solved: Turbotax asks me if I received the stimulus in 202...
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Jamnnprogramn
Level 1

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?

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!
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DoninGA
Level 15

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?

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

View solution in original post

2 Replies
DoninGA
Level 15

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?

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

View solution in original post

Jamnnprogramn
Level 1

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?

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

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