☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Apr 21, 2023 3:54:23 PM

2020 downloaded Premier version - how to add Recovery Rebate

Original filing didn't include the recovery rebate - now I'm not able to add it. 

Posts here indicate that going through the Step-by-step process will bring up a query about the rebate, but that does not happen. 

I CAN enter all of the pertinent information on the Recovery Rebate Credit Worksheet, but the fields that should either calculate or pull from other forms do not do so, and nothing is carried over to the 1040.  It seems like a situation where the form simply needs to be "told" to "calculate".

What am I missing?

0 5 398
5 Replies
Level 15
Apr 21, 2023 4:20:47 PM

The recovery rebate credit is found in

Federal Review.   

There will be questions abut whether you received the 1st and/or 2nd EIP payments.   If you did not receive the first stimulus of $1200 or the 2nd stimulus of $600 you can get it by amending your 2020 tax return IF you could not be claimed as someone else's dependent for tax year 2020.

Returning Member
Apr 24, 2023 6:08:54 PM

There's NOT a question in Federal Review...

Is there any other approach?  I cannot enter the information directly into the Recovery Rebate Credit Worksheet...

Level 15
Apr 24, 2023 6:20:06 PM

If there is not a question in Federal Review for the recovery rebate credit then you are not eligible to get it---either because you made too much income  in 2020  or because you could be claimed as someone else's dependent for 2020.

Level 15
Apr 24, 2023 6:26:40 PM

https://www.irs.gov/newsroom/2020-recovery-rebate-credit-topic-b-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2020-tax-return

Level 15
Apr 24, 2023 7:35:12 PM

Just checking.......you are doing an Amended return right?

 

To get to the stimulus questions in TurboTax at any time, you can search for stimulus or recovery rebate credit then hit ENTER and there should be a Jump to link

 

If you are trying to trigger it,

Click on Other Tax Situations at top

Click on Let's get started

Answer some questions then Continue

Then click on Let's keep going

Next screen is for the Third Stimulus, if you qualify

 

If you did not get prompted to enter your stimulus information, that means you either:

  1. Filed as a dependent being claimed on another tax return, or 
  2. have an AGI too high to claim the recovery rebate credit

 

No credit is allowed when AGI is at least the following amount:

  • $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
  • $120,000 if filing as head of household or
  • $80,000 for all others.

 

If your 2021 is too high to qualify for the Recovery Rebate Credit it won't ask you for it.  If your AGI is too high you don't have to enter what you got or letter 6475 and you don't have to pay it back and it is not taxable.  See IRS Topic H 3rd question

Questions and Answers about the Third-round Economic Impact Payment — Topic H: Reconciling on Your 2021 Tax Return | Internal Revenue Service