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Level 2
March 18, 2021
Question

How do you claim the recovery rebate credit?

  • March 18, 2021
  • 5 replies
  • 25 views
I am not triggering the recovery rebate credit prompt despite being a US citizen, not claimed as a dependent and have a valid social. I also earned less than $75,000 in the year 2020 and did not receive any EIP in 2020. What is the issue for this and how can I get it resolved so that I can claim the credit?

5 replies

Level 15
March 18, 2021

To claim the stimulus (Recovery Rebate Credit) in TurboTax Online:

  1. Sign into your account, and continue from where you left off.
  2. Click Federal in the left panel, then click Federal Review at the top.
  3. On the Let's make sure you got the right stimulus amount page, click Continue.
  4. Go through the interview
  5. The TurboTax program will compute the stimulus amount you're entitled to, if any.
  6. Any stimulus amount you'll receive on your return will be displayed as a credit on line 30 of Form 1040.

Any economic impact payments you received are not taxable for federal income tax purposes, but they reduce your recovery rebate credit.

Level 2
March 18, 2021

Im not getting the “Let's make sure you got the right stimulus amount“ page. Thus it isn’t allowing me to access the interview

ReneeM7122
Level 9
March 18, 2021

 

To get to the Recovery Rebate Credit section of your return, use the Search function and type in “stimulus”. You will see a “jump to” link at the top of the search results. By selecting this option, you can get to the RRC section quickly.

 

Here's a TurboTax article that explains the Recovery Rebate Credit.