Economic Impact payment

[FangxiaL]

Economic Impact Payment refers to the 3rd stimulus check that we received in March or April last year.

Is this what you are wondering about?

[dodger030709]

Yes. I never received the payment.

I am eligible to claim it on my 2021 federal income tax return per the IRS letter.

However, I see no listing anywhere on Turbo Tax that mentions the Economic Impact payment or claiming the Recovery Rebate credit.

[AamilD]

Follow the steps below to enter your information for the Economic Impact Payment

In TurboTax Online, to claim the Economic Impact Payment, please do the following:

1. Sign into your account and continue from where you left off
2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
3. On the next page titled Let's double-check the amount you received; TurboTax will recommend the amount you should receive as per your filing info. If that matches the amount you received you will select Yes, or else No.

Please refer to the image below

[dodger030709]

That screen that says Lets double check the amount you received

never showed up on my screen.

I was in the federal review section. No mention or even a hint of the economic impact payment or recovery rebate was ever mentioned.

I am totally stuck.

[ErnieS0]

TurboTax will not show you the stimulus screen if you are ineligible for the payment.

To get to the Recovery Rebate Credit section

• Type stimulus in Search in the upper right
• Click jump to stimulus

If you don't see a stimulus screen, it means you are not eligible based on the information you entered into TurboTax.

See Eligibility for claiming a Recovery Rebate Credit on a 2021 tax return

[VolvoGirl]

It is really based on your 2021 income.

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:

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

See Question 1 here for eligibility requirements,
https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery...

[Kathryn Starr]

Some of my friends say there is a place to enter the $1,400 Economic Impact Payment, but the instruction say not to.  Where is the truth?

[DoninGA]

---

@Kathryn Starr wrote:

Some of my friends say there is a place to enter the $1,400 Economic Impact Payment, but the instruction say not to.  Where is the truth?

---

What instructions, where?

If you received the 3rd stimulus payment you need to report it on your 2021 tax return so that you will not have the Recovery Rebate Credit erroneously entered on your 2021 tax return.

The stimulus question is asked in the TurboTax program after you have completed all your entries for the federal tax return and are in the Federal review section.

There are only two reasons you would Not be asked about the 3rd stimulus payment -

1.  You are being claimed as a dependent (or)

2.  Your 2021 Adjusted Gross Income is over the maximum to receive the Recovery Rebate Credit

• Single or married filing separately—$80,000
• Married filing jointly or qualifying widow(er)—$160,000
• Head of household—$120,000

[DARCYB66]

I originally filed my taxes and said i didnt get the impact payment because we couldnt remember if we got it.  Now I have received notice CP11 and it is telling me that I Owe $1498 in taxes.  Do I amend my return?  if I amend my return do I put the amount on the IRS letter 6475 or do I put the actual amount I received?

[Vanessa A]

No, you would not need to amend your return.  The letter probably tells you not to amend your return as the IRS already made adjustments to it.  

You will just need to make the payment to the IRS which can be done by following the instructions on your letter. 

[James Kelemen 20]

where do I input the Payment amount

[AamilD]

Follow the steps below to enter your information for the Economic Impact Payment

1. Click on Tax Home from Left Side Menu.
2. Click on Personal Info from the Main screen and then click on Review/Edit
3. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
4. On the next page titled Let's double-check the amount you received; TurboTax will recommend the amount you should receive as per your filing info. If that matches the amount you received you will select Yes, or else No.

Please refer to the image below

[RB99]

I put this down as a taxable  INCOME will the irs catch this mistake

[VolvoGirl]

@RB99   What did you enter as taxable?  The Recovery Rebate Credit?  What line did it show up on as taxable?