The first Stimulus Check is really based on 2020 tax return. Any amount you already got will be reconciled on your 2020 return line 30. If you didn't get a Stimulus Check (and qualify) or you qualify for more it will be added to your 2020 return. But the good news is if they paid you too much they won't take it back.
When you go through the federal review tab it will ask how much you got if any. Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."
Thank you. I am interested in the newest Recovery Rebate Credit. Will that apply to 2020 taxes?
Go to this IRS website for stimulus information - https://www.irs.gov/newsroom/treasury-and-irs-begin-delivering-second-round-of-economic-impact-payments-to-millions-of-americans
Thank you. I did and it says to add to 2020 taxes if you don't receive the latest stimulus payment but I dn't see an option to do so.
It will be included in the TurboTax program after the IRS gives guidance in adding the second stimulus to the Recovery Rebate Credit Worksheet—Line 30 of the Form 1040.
TurboTax currently asks about the stimulus payment received or not received in 2020 after completing the Other Tax Situations section.
It doesn’t give me the option to look over my federal taxes
You can review your 1040 in the following steps:
With your increased refund, you can apply a portion to your 2021 taxes, purchase Savings Bonds, or split it for deposit into 3 different direct deposit accounts.
Try opening the menus using the 3 stacked lines in the top upper left. https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160
I claimed my grandchild in 2019 and never received any stimulus for her. Her mother as a SSI non-filer tried to claim the stimulus and IRS said she was claimed by someone else. I have filed 2020 and turbo tax did not afford me the opportunity to claim the missing stimulus assuming I had what I was suppose to get. Help
Are you claiming your grandchild in 2020?
The payments were an advance credit for 2020. 2019 information was used in sending out the payments since 2020 tax returns had not been filed at the point the stimulus payments were sent out. They are being reconciled when you do your 2020 return. In some cases, people may have been given a stimulus payment based on their 2019 dependents that did not qualify based on their 2020 dependents, and vice versa.
Mine didnt show that and I never got my stimulus please tell me what I need to do thank you.
@osnoobz If you were due a stimulus payment and filed your tax return for 2020, you should get any stimulus payment due you when the IRS processes your return. Even if you entered the wrong amount of stimulus payments that you received on the tax return, it is likely that the IRS will correct the entry if necessary and add your stimulus payment to your refund.
If you receive your refund and see that it does not include your stimulus payment, then you can prepare an amended return in TurboTax to get your stimulus payment.
Can I just say that TurboTax is a terrible service I am a college student who qualifies for the stimulus check but NOTHING about any stimulus, recovery rebate, Nothing came up when I filed my taxes and I did everything I've seen in this thread nothing works now everyone is getting their stimulus while I just got my normal tax return I am very frustrated because there is nobody I can call and there's nothing I can do. Also I never entered a wrong amount of stimulus because I got nothing about it on the tax return I searched up about an amended return and there are a ton of articles saying don't do it. Just terrible.
When you prepared your 2020 Federal 1040 tax return, did you report that you were a dependent?
In TurboTax Online, you are prompted to input stimulus check 1 and stimulus check 2 information under Review down the left hand side of the screen. You can also access your stimulus check choices by following these steps:
If you have not received one or both of your stimulus checks, you will receive your payment in the form of a Recovery Rebate Credit on line 30 of your 2020 Federal tax return when you file.
TurboTax will compare your one or two stimulus payment amounts to the computations within TurboTax. The computations within TurboTax are based upon the information that you have entered into the tax software. If you are due an additional amount, it will be issued as a Recovery Rebate Credit (RRC) on line 30 of the 2020 1040 tax return.
If you have e-filed your 2020 Federal tax return and the tax return is accepted by the IRS, you will have to amend your 2020 Federal tax return and correct the entries and calculations to receive the Recovery Rebate Credit.
Amended tax returns will be available March 25. See forms availability.
If you used TurboTax Online, simply log in to your account and select Amend a return that was filed and accepted.
If you used our CD/download product, sign back into your return and select Amend a filed return.
You must file a separate Form 1040X for each tax return you are amending.
for many users - Recovery Rebate Credit IS not appearing in Home and Business Turbo Tax for 1040 individual form. Calling Help Center only yields a poorly programmed dialectic that is designed to NEVER get you to a human being!
It's there. I have Home & Business. There are several ways to find it.
If you did not get prompted to enter your stimulus information, that means you either:
To get to the stimulus questions in TurboTax at any time, you can search for stimulus and use the Jump to link. Generally, if you have adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the recovery rebate. For filers with income above those amounts, the payment amount is reduced.
When you go through the federal review tab it will ask how much you got if any. Enter a 0 in the box if you didn't get one. Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."
After you have entered your tax information and are ready for the Federal Review, it will be the first question.
If you are trying to trigger it, you can go to Other Situations, answer any questions and click Done. The next automatic selection is Federal Review and it will ask about payments received.
It is not appearing. As Others have posted.
I was able to go to the actual 1040 Form and manually add $1800 to line 30, but after saving that entry, the Turbo Tax "Counter" at the top will not recognize the amount.
Horribly frustrating, indeed.
Hi, I've have tried over & over again 2 send 4 my 2020 rebate checks of $1200 $600 & now $1400 but I'm getting nowhere I'm tech stupid 2 SAY the least no unemployment no nothing literally living outta others leftovers broke truck now I can't work broken life & EVERYONE around me that NEVER works gets theirs w/ease unemployment at the 1000's their stimulas checks & me absolutely nothing I can't get 2 my mom who's not well my son is depressed I'm just tired of all others getting their $ & blowing it at casinos as I sit here month after month w/nothing what in the he'll do I have 2 do 4 this **bleep**?
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. Or if you were claimed as a dependent.