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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1 Best answer

Level 15

Dec 31, 2020 8:56:11 AM

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

Level 15

Dec 31, 2020 8:56:11 AM

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

Level 1

Dec 31, 2020 9:04:31 AM

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