Economic Impact Payment

Forum|Forum|4 years ago
March 25, 2022
2 replies
0 views

Married filing joint. In March 2021, we received $2800. ($1400. each) for the 2021 economic impact payment. Our combined IRS letters show the same. The question in Turbo Tax states we are eligible for a third stimulus check for $4200. (we believed we received all payments since this started, 3 in total). After answering no that our letter was different , I entered the total amount of the letters and it says we are eligible for the recovery act credit which shows $1400. Could this be right?

Not A Product Question

xmasbaby0

Level 15

You have left out some information. Do you have a dependent claimed on your tax return? If not, and you are filing a joint return--you say you each already received the $1400. If that is the case, you do not get the credit again. If you are now adding a dependent on your 2021 return you get the $1400 for the dependent that you added.

If it is just the two of you----you are answering incorrectly. Your line 30 should be blank.

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PCBAuthor

Level 2

Yes, I am claiming an adult child on my taxes this time. Didn't even dawn on me that it would apply. Thank you.

DianeW777

Level 15

It depends. You must enter the full $2,800 you actually received in 2021 for the third economic impact payment (3EIP). If you have a dependent child, then you would also be entitled to an additional $1,400. It is $1,400 per person on the 2021 tax return.

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