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davidbart123
New Member

I am trrying to findout where in turbotax you can claim the recovery rebate credit since I think I got the wrong amount for the stimulus check. I do not see it anywhere

I do not see the choice for this credit anywhere it turbotax
3 Replies
DoninGA
Level 15

I am trrying to findout where in turbotax you can claim the recovery rebate credit since I think I got the wrong amount for the stimulus check. I do not see it anywhere

The stimulus questions are asked in the Federal Review section of the TurboTax program.  Any payment you were eligible to receive based on the 2020 Federal tax return but did not receive will be entered on the Federal tax return, Form 1040 Line 30 as a tax credit.  The credit is included in the federal tax refund or it will reduce the amount of federal taxes owed.

davidbart123
New Member

I am trrying to findout where in turbotax you can claim the recovery rebate credit since I think I got the wrong amount for the stimulus check. I do not see it anywhere

I assume it has to ask what you already received in order to calculate if you got the full amount. However nowhere did it ask this to me. I checked under the deductions and credits section for COVID but it has 4 questions: 3 about self employment and 1 employer credit. I do not see anything about the stimulus payments

VolvoGirl
Level 15

I am trrying to findout where in turbotax you can claim the recovery rebate credit since I think I got the wrong amount for the stimulus check. I do not see it anywhere

The Stimulus Checks are really based on your 2020 return we are filing in 2021.  So 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.

 

There will be a screen with 2 boxes for each round.  If you didn't get one enter a 0 in the box.

 

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."

 

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.

 

The Recovery rebate credit is on 1040 line 30.  It either adds to your refund or reduced a tax due.

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