topic Recovery Rebate Credit - Line 11 Rounds off to 2 decimals and reduces my total credit in Deductions & credits

Recovery Rebate Credit - Line 11 Rounds off to 2 decimals and reduces my total credit

JDrebin77 — Mon, 09 Mar 2026 08:54:27 GMT

There is a slight glitch in Turbo Tax for line 11 of the Recovery Rebate Form. The IRS says to round to "at least 2 places". That does not mean round to EXACTLY 2 decimal places, but that is what the software does. For ALL users to get the maximum credit they are entitled, the software should round to 4 decimal places. Admittedly, it is not very large difference, but $10 is $10 (or in my case, $15). I would think this would be a pretty simple fix for Turbo Tax to make.

Meanwhile, there does not seem to be a way to overwrite this amount manually. Any suggestions?

Re: Recovery Rebate Credit - Line 11 Rounds off to 2 decimals and reduces my total credit

VolvoGirl — Mon, 07 Mar 2022 04:55:49 GMT

Sorry I never studied the worksheet before for that section. Especially if you have a high income.

IRS worksheet for line 30 in 1040 instructions page 59

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

Re: Recovery Rebate Credit - Line 11 Rounds off to 2 decimals and reduces my total credit

JDrebin77 — Mon, 07 Mar 2022 04:56:17 GMT

Line 11 isn't a dollar amount. It's a percentage you apply TO a dollar amount. And given that the dollar amount you apply that percentage to is a minimum of four digits ( ie $1400) - then you would have to expand that percentage to 4 decimal places to get the exact dollar amount credit.

Try it yourself. Multiply $1400 by .03, then by .032, then by .0327 and see what you get. Like I said, it's only going to be a small difference, but when the software touts that it gets you your MAXIMUM return, then it should do just that.