topic Do I have to file for stimulus payments in Get your taxes done using TurboTax

Do I have to file for stimulus payments

bronzino4000 — Mon, 22 Mar 2021 13:07:26 GMT

do I have to file my stimulus payments on my tax form?

Re: Do I have to file for stimulus payments

xmasbaby0 — Mon, 22 Mar 2021 13:24:39 GMT

If you are working on your 2020 return you need to complete the recovery rebate section to enter the amount of stimulus you have already received. This is for the first two checks---not the 3rd one. The 3rd one is separate and is automatically being sent by the IRS.

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 in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040.

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-2020-tax-return

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Re: Do I have to file for stimulus payments

KathrynG3 — Mon, 22 Mar 2021 13:26:56 GMT

If the stimulus payments were not received, the only way to get them is to file for the Recovery Rebate Credit.

To file the Recovery Rebate Credit in TurboTax, follow these steps:

Go to the search box and enter stimulus. Click the Jump to link.
Answer Yes.
At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
If no stimulus amount was received, enter 0. An amount must be entered in each box. When finished, click Continue.

If you received them already, answer in TurboTax what amounts were received. This will zero out the credit so any tax refund is not delayed.

For the most recent IRS updates, see:

Coronavirus Tax Relief and Economic Impact Payments

Recovery Rebate Credit Frequently Asked Questions | Internal Revenue Service