topic Credit for lost stimulous check in Deductions & credits

Credit for lost stimulous check

Chief601 — Sat, 20 Mar 2021 20:00:02 GMT

Neither my wife or I received the second stimulus check. I was told I could recoup it on my taxes but can't find where to claim it. Would appreciate any help.Thanks

Re: Credit for lost stimulous check

MaryK4 — Sat, 20 Mar 2021 20:11:57 GMT

See How do I claim the Recovery Rebate Credit in TurboTax?

The Recovery Rebate Credit is a new addition to the federal income tax return. Filers who didn't receive the full amount of stimulus they're entitled to can claim it on the 2020 tax return..

Re: Credit for lost stimulous check

Angela75 — Sat, 20 Mar 2021 20:44:58 GMT

I never received any of the stimulus checks and didn't know I had to claim it when I did my taxes so now what do I do

Re: Credit for lost stimulous check

JotikaT2 — Sat, 20 Mar 2021 20:49:07 GMT

If you did not receive the stimulus payments but indicated you did on your tax return, you would need to amend your return to reflect that you did not receive the payments.

How to amend my return?

When you prepare your amended 2020 income tax return, be sure to do the following to ensure the credit is calculated correctly on your income tax return.

In the Federal section, select the Federal Review interview section at the top of the screen.
This will take you to the input section for the Recovery Rebate credit.
Be sure to indicate the actual amount of each stimulus payment you received on the page that asks if you received a stimulus payment.
There will be two boxes and both need to be completed. If you did not receive any stimulus payments, please indicate We didn't get a stimulus payment by checking that box.

Please see the attached link for more information on who can claim the credit.

Recovery Rebate Credit eligibility

Re: Credit for lost stimulous check

Angela75 — Sat, 20 Mar 2021 21:37:59 GMT

I never recieved any stimulus checks but when do I amend my taxes I called you guys and she mentioned not until the march 26 I dint want to mess my taxes up

Re: Credit for lost stimulous check

JotikaT2 — Sat, 20 Mar 2021 22:26:28 GMT

Yes, it makes to wait until until the tax return can be amended within the program.

Please see the link below for more information as to the expected release date of the 1040X form (Amended tax return form).

Forms release dates