topic I did not get any stimulus check due to my 2019 income. My 2020 income will be less than 60,000. Will I get a refund for the stimulus check value? in After you file

I did not get any stimulus check due to my 2019 income. My 2020 income will be less than 60,000. Will I get a refund for the stimulus check value?

usermtphillips — Wed, 06 Jan 2021 04:25:40 GMT

I was retired for 2020.

Re: I did not get any stimulus check due to my 2019 income. My 2020 income will be less than 60,000. Will I get a refund for the stimulus check value?

VolvoGirl — Wed, 06 Jan 2021 04:35:07 GMT

Yes you might get both on your 2020 tax return.

The first Stimulus Check is really based on your 2020 return we are filing in 2021. So any amount you already got will be reconciled on your 2020 return line 30. If you didn't get a Stimulus Check (and qualify) or you qualify for more it will be added to your 2020 return. But the good news is if they paid you too much they won't take it back.

I think the second one will be on your tax return also. They are still working on updating the program for it.

When you go through the federal review tab it will ask how much you got if any. Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."

Re: I did not get any stimulus check due to my 2019 income. My 2020 income will be less than 60,000. Will I get a refund for the stimulus check value?

mmkeil66 — Fri, 12 Feb 2021 16:40:52 GMT

We did not get any stimulus checks in 2020 because we took extra money out of our retirement accounts in 2019 that put us over the eligibility guidelines. Our 2020 income is within the eligible range. Does this mean we are entitled to receive both stimulus checks based on the 2020 income?

Re: I did not get any stimulus check due to my 2019 income. My 2020 income will be less than 60,000. Will I get a refund for the stimulus check value?

DoninGA — Fri, 12 Feb 2021 16:42:10 GMT

@mmkeil66 wrote:

We did not get any stimulus checks in 2020 because we took extra money out of our retirement accounts in 2019 that put us over the eligibility guidelines. Our 2020 income is within the eligible range. Does this mean we are entitled to receive both stimulus checks based on the 2020 income?

Yes. The Recovery Rebate Credit is based on the 2020 AGI.

The stimulus questions are asked in the Federal Review section of the TurboTax program. Any payment you were eligible to receive based on the 2020 Federal tax return but did not receive will be entered on the Federal tax return, Form 1040 Line 30 as a tax credit. The credit is included in the federal tax refund or it will reduce the amount of federal taxes owed.