Where in Turbotax does one enter the COVID individ...
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Where in Turbotax does one enter the COVID individual credit (the $1200 per person) for the 2020 return?

 
3 Replies
Level 15

Where in Turbotax does one enter the COVID individual credit (the $1200 per person) for the 2020 return?

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check this year, you can get it when you file your 2020 return in early 2021—if you are eligible.It will end up on line 30 of your 2020 Form 1040.  I think the questions appear in Other Tax Situations.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

Where in Turbotax does one enter the COVID individual credit (the $1200 per person) for the 2020 return?

TT will take you through a series of questions and 

 

If you are due MORE stimulus, it will appear on Line 30 of Form 1040

 

if you are NOT due more stimulus, line 30 of form 1040 will be zero

 

Per the CARES act, under no circumstance will you be required to return any stimulus received (okay, there is a small exception for people who passed away, but I won't get into that here) 

 

 

Level 15

Where in Turbotax does one enter the COVID individual credit (the $1200 per person) for the 2020 return?

Everybody will be asked about the amount of the stimulus check they received in advance when you get to the review tab . Simply follow the screen instructions when you get to that section.

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