topic I am just trying to make sure that I am understanding correctly, the 2 times we got the EIP in 2020, we do not need to report those quantities in our 2020 taxes? in After you file

I am just trying to make sure that I am understanding correctly, the 2 times we got the EIP in 2020, we do not need to report those quantities in our 2020 taxes?

mmendez90 — Fri, 26 Mar 2021 20:20:48 GMT

That money given should not be added to the total wages earned, correct?

Re: I am just trying to make sure that I am understanding correctly, the 2 times we got the EIP in 2020, we do not need to report those quantities in our 2020 taxes?

SweetieJean — Fri, 26 Mar 2021 20:24:59 GMT

They are not taxable. TT asks you if you received them, and then determines if the amount is correct, based on your 2020 income.

Re: I am just trying to make sure that I am understanding correctly, the 2 times we got the EIP in 2020, we do not need to report those quantities in our 2020 taxes?

VolvoGirl — Fri, 26 Mar 2021 20:27:07 GMT

Right, but You do have to enter the 2 amounts you got in the right 2 boxes. Or it will be added as a credit on your return. And you would be trying to get it again. Check 1040 line 30, make sure you don't have an amount there. And You need to enter what you already got to see if you qualify for more.

Did you already file?

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."

After you have entered your tax information and are ready for the Federal Review, it will be the first question.

If you are trying to trigger it, you can go to Other Situations, answer any questions and click Done. The next automatic selection is Federal Review and it will ask about payments received.