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Is Recovery Rebate based on 2020 income or 2019 income

In my 2020 TurboTax Federal Income return I cannot find a "Recovery Rebate Credit Worksheet".

I need to find it because the IRS is not allowing any of a TurboTax stipulated amount of $2429.

There seems to be some confusion surrounding whether your refund is based on income from 2019 or 2020.

I need to know because my 2019 income exceeded IRS guidelines for a rebate. My 2020 income however is well within the guidelines. Is TT correct (based on 2020) or the IRS (based on 2019)?

And how do I find the "Recovery Rebate Credit Worksheet.

2 Replies
Level 15

Is Recovery Rebate based on 2020 income or 2019 income

The recovery rebate credit is based ONLY on your 2020 income----not on 2019.    The IRS used returns from 2019 when they began to issue the first stimulus checks but if you did not receive the EIP payments when they were first sent out and are now using the recovery rebate credit on a 2020 tax return, only your 2020 income will be used to determine your eligibility for the credit.  The credit was an advance on a credit for 2020----if you received it based on 2019 and have more income in 2020 you do not have to pay it back---but the IRS does not go backwards and give it to people who had lower incomes for 2019 than they had for 2020.


The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

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 2020 Form 1040.


Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.



The criteria for the 1st and 2nd EIP payments per the IRS:

A1. Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200  ($2,400  for a joint return) if you (and your spouse if filing a joint return)  are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:

  • $150,000  if married and filing a joint return
  • $112,500 if filing as  head of household or
  • $75,000  for eligible individuals using any other filing status
    Your payment will be reduced by 5% of  the amount by which your AGI exceeds the applicable threshold above.

You are not eligible for a payment if any of the following apply to you:

  • You may be claimed as a dependent on another taxpayer’s return (for example, a child or student who may be claimed on a parent’s return or a dependent parent who may be claimed on an adult child’s return).
  • You do not have a Social Security number that is valid for employment.
  • You are a nonresident alien.
    The following are also not eligible: a deceased individual or an estate or trust.


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

Is Recovery Rebate based on 2020 income or 2019 income

For the Recovery Rebate Credit Worksheet -


If the TurboTax online web-based editions were used and the online account has been paid or the 2020 federal tax return has been filed and accepted by the IRS -

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account -


When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state. 

This will take you back to the 2020 online tax return.

Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets


If the TurboTax desktop CD/Download editions were used then click on Forms.  When in Forms mode, on the left side of the screen, click on Recov Rebate Cr to open the Recovery Rebate Credit Worksheet.

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