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3rd stimulus 2021 reduced income

i purchased the 2021 tax year version and there are no questions regarding the 3rd stimulus. My income went below the max in 2021 where my 2020 was over max so i didnt get 3rd check.  the irs already published in April that if income goes down and would qualify in 2021that i would be eligible yet turbotax has not put anything in the 2021 tax year software that addresses it even though the guidelines were finalized in april of 202.  how do i account for this as i would now be due a stimulus check and the irs clearly says to put on your 2021 tax retrun if your 2020 return wasnt eligible and income for 2021 would qulaify

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2 Replies
rjs
Level 15
Level 15

3rd stimulus 2021 reduced income

You won't be able to file your 2021 tax return until sometime in late January. By then, TurboTax will be updated for the third stimulus payment.


The early releases of any tax software for the new year are really just a rough draft. A lot of things aren't included yet, and a lot of things haven't been updated yet from the previous year. These things will be taken care of in updates over the next couple of months. The IRS has not even announced a date when filing 2021 tax returns will start, but it will be sometime in late January.

 

3rd stimulus 2021 reduced income

Eventually the program will have that question probably in the same place as it was in the 2020 program ...

 

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2021 Form 1040.

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