How do I claim the 3rd Recovery Rebate Credit in TurboTax?

Anonymous — Sun, 13 Feb 2022 05:46:42 GMT

Even I found my credit is $700, when I was during the Federal Review, I can't see the Did you get a third stimulus? screen.

I'm using the desktop version of Turbotax.

Re: How do I claim the 3rd Recovery Rebate Credit in TurboTax?

xmasbaby0 — Sun, 13 Feb 2022 13:19:38 GMT

Your income might be too high and the payment is being phased out.

Who’s eligible for the third Economic Impact Payment? (updated March 30, 2021)

Generally, if you’re a U.S. citizen or U.S. resident alien, you are eligible for $1,400 ($2,800 for a joint return), plus $1,400 for each qualifying dependent, if you (and your spouse if filing a joint return) aren’t a dependent of another taxpayer on a 2020 tax return, have a valid Social Security number (SSN) (see exception when married filing jointly and exception for qualified dependents) and your adjusted gross income (AGI) does not exceed:

$150,000 if married and filing a joint return or if filing as a qualifying widow or widower
$112,500 if filing as head of household or
$75,000 for eligible individuals using any other filing statuses, such as single filers and married people filing separate returns.

Payments will be phased out – or reduced -- above those AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:

$160,000 if married and filing a joint return or if filing as a qualifying widow or widower
$120,000 if filing as head of household or
$80,000 for eligible individuals using other filing statuses, such as single filers and married people filing separate returns.

For example, a single person with no dependents and an AGI of $77,500 will normally get a $700 payment (half the full amount). A married couple with two dependents and an AGI of $155,000 will generally get a payment of $2,800 (again, half the full amount). Filers with AGI of at least $80,000 (single and married filing separately), $120,000 (head of household) and $160,000 (married filing joint and surviving spouse) will get no payment based on the law.

You aren’t eligible for a payment if any of the following apply:

You could be claimed as a dependent on another taxpayer’s 2020 tax return
You’re a nonresident alien.
You don’t have a valid SSN issued to you by the due date of your tax return (including an extension to October 15 if you request it).

Also, payments will not be made to estates or trusts or for individuals who died before January 1, 2021.

Re: How do I claim the 3rd Recovery Rebate Credit in TurboTax?

Anonymous — Mon, 14 Feb 2022 04:02:23 GMT

Thank you

topic How do I claim the 3rd Recovery Rebate Credit in TurboTax? in Get your taxes done using TurboTax

How do I claim the 3rd Recovery Rebate Credit in TurboTax?

Re: How do I claim the 3rd Recovery Rebate Credit in TurboTax?

Who’s eligible for the third Economic Impact Payment? (updated March 30, 2021)

Re: How do I claim the 3rd Recovery Rebate Credit in TurboTax?