topic No First Stimulus check in Deductions & credits

No First Stimulus check

taxman_us — Mon, 15 Mar 2021 22:08:12 GMT

Hello Experts,

I have not received my 1st stimulus check and upon checking, probably 2018 taxes with higher AGI taken into consideration than 2019 (less AGI but filed around June 2020). Got 2nd check and just received 1044-B as well (2019 low AGI). So while finishing up my Federal, TT adding round1 stimulus which appears to be based on 2019 AGI. Should I continue and file this way. IRS system will double check and will not issue anything if I'm not qualified. Is that the correct interpretation of the process?

Thanks in advance,

Re: No First Stimulus check

xmasbaby0 — Mon, 15 Mar 2021 22:10:40 GMT

The recovery rebate credit is not based on 2019. It is based on your 2020 income. Enter the amounts of stimulus you have actually received --if any---and let the software add the amount you should still get. It will show up on line 30 of your Form 1040 and carry down to the refund on line 34.

Re: No First Stimulus check

taxman_us — Mon, 15 Mar 2021 23:28:19 GMT

Thank you. Got your point on recovery rebate. For my clarification- Stimulus 1 calculated based on 2018 or 2019 AGI- whichever was available at that time (if I'm correct). By the time S1 issued and my 2019 taxes not filed, they may have considered 2018 taxes AGI. Now as TT taking the numbers based on 2019 - and adding recovery rebate credit, IRS system check based on 2020 income/AGI to apply and if I'm not eligible it simply do not issue any S1 amount. That assumption is correct?

Regards,