How do I claim the Recovery Rebate Credit in Turbo...

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TurboTax Help
Intuit

How do I claim the Recovery Rebate Credit in TurboTax?

Stimulus payments were advances on the Recovery Rebate Credit.

If you received the full amount of both stimulus payments (Economic Impact Payments), you won’t get any additional credit on your return this year since you’ve already received the full amount of the credit as stimulus payments.

If you didn't receive the full amount for your first or second-round stimulus payments, we'll help you claim the Recovery Rebate Credit when you file your taxes this year.

We'll make sure you get the money you qualify for by double-checking the amount and quantity of stimulus payments you received.

Here’s how:

  • Enter all of your federal return information as you would normally. During the Federal Review, we’ll check if you meet eligibility requirements for the stimulus payment. If you meet the requirements, you'll see a Did you get a first or second stimulus? screen. We'll ask a few questions about any payments you've already received and then let you know if the Recovery Rebate Credit applies.
    • If you need to make any changes to your stimulus credit responses, search for stimulus and select the jump-to link at the top of the search results to return back to the section. Enter your updated info and Continue.

It’s important that you enter the correct amount of each stimulus payment you received. The first stimulus payments were made between April and September of last year, while the second round of payments were delivered during January and February. You can find the exact amount,

  • On your IRS letter-Notice 1444 and/or 1444-B which were mailed to you with the headline, “Your Economic Impact Payment Has Arrived” and were signed by the president. Or,
  • By visiting IRS.Gov and creating or accessing your account. Or,
  • In your bank statements. You might be able to search your online statements for deposits made by the IRS or US Treasury.

To claim the Recovery Rebate Credit, you

  • Must be owed an additional amount based on the information in this year’s 2020 Tax Filing. The maximum amounts are:
    • First payment: $1,200 ($2,400 if married filing jointly for 2020) plus $500 for each qualifying child you had in 2020; and
    • Second payment: $600 ($1,200 if married filing jointly for 2020) plus $600 for each qualifying child you had in 2020
  • Must be a U.S. citizen or U.S. resident alien,
  • Have a valid Social Security number, and
  • You can’t have been claimed as a dependent on someone else’s 2020 tax return

In general, taxpayers without an eligible Social Security number are not eligible for the credit. However, married taxpayers filing jointly where one spouse has a Social Security number and one spouse does not, are eligible.

There are also AGI limits to receive the full amount of the credit. Your adjusted gross income (AGI) must be below,

  • $75,000 for individuals
  • $112,500 for heads of household
  • $150,000 for married, joint filers

For filers with income above those amounts, the credit amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:

  • An individual without children will not receive any credit if their AGI exceeds $87,000
  • A couple without children will not receive any credit if their AGI exceeds $174,000
  • A family of four will not receive any credit if their AGI exceeds $198,000

If you’re not getting any Recovery Rebate Credit for your child or dependent, it’s most likely that either you or they don’t qualify. A dependent has to be a qualifying child, meeting the same eligibility requirements as the Child Tax Credit, in order to be eligible for the Recovery Rebate Credit. Qualifying relatives that live with you but aren't your children, stepchildren, foster children, adopted children, etc. won't qualify for the Recovery Rebate Credit.

In addition to dependents, the amount you may be eligible for depends on how much stimulus payment you already received, your citizenship status, having a valid Social Security number, if you’re claimed on anyone else’s return, and your AGI.

Some common reasons why your child or dependent isn’t eligible may include:

  • Your AGI is above the income thresholds for your status
  • They are being claimed on the other parent’s or someone else’s return
  • They don’t have a valid SSN
  • They don't meet the eligibility requirements of the Child Tax Credit

The Recovery Rebate Credit or Stimulus Payment questions will only appear if you are eligible for the credit based on the information you’ve provided in TurboTax.To correctly calculate your recovery rebate credit and determine your eligibility, TurboTax will need your income, expense, credit, and deduction information in full.

If your income is above the thresholds mentioned above, or if you don’t qualify for other reasons, you won’t see the question at all. In that situation, since you aren’t eligible, you don’t need to enter any information about your stimulus payment and you don’t need to pay any of it back. Also, it is possible that you may have received one or both of the stimulus payments and still not be eligible for the Recovery Rebate Credit based on your Tax Year 2020 information in this year’s filing.

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