Is there an error in the "Recovery rebate credit worksheet"?

[JS985]

The "guaranteed accurate" TurboTax Recovery Rebate Credit Worksheet is WRONG. Specifically, IRS says one is not eligible if AGI exceeds $75K (single) or $150K (joint). TurboTax form says $80K and $160K. Thanks TurboTax. Just what I wanted . . . IRS scrutiny because you at Intuit can't get the form correct for a product I paid for and yo guaranteed accurate. I want my money back.

[NCperson]

@JS985 - where does it state that the limit is $75k / $150k? can you please post the reference? 

please look at Q C1 at the IRS link below

https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery...

and part of the C1 FAQ states: 

It is then reduced if the adjusted gross income (AGI) amount on line 11 of your 2021 Form 1040 or Form 1040-SR is more than: 

• $150,000 if married and filing a joint return or filing as a qualifying widow or widower
• $112,500 if filing as head of household or
• $75,000 for all others.  

No credit is allowed when AGI is at least the following amount:

• $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
• $120,000 if filing as head of household or
• $80,000 for all others.

[JS985]

@NCPersonIRS says so on CP12. 

[VolvoGirl]

The letter says that but that is the amounts they start reducing it.  It's probably not any of the 5 reasons.  The common reason this year is you tried to get it again on line 30 but the IRS shows they already sent it to you.

Double check your bank statements and Check your IRS account (both accounts if married)

Your Online Account | Internal Revenue Service

The 3rd Stimulus payment started going out in March 2021 and is for 1,400 for each person listed on your tax return, no age limit. The IRS used your 2020 (or 2019) return to send the checks out fast. If your 2021 return changes and you qualify for more you can claim the extra as the Recovery Rebate Credit on 1040 line 30. But line 30 is only if you didn't get the full amount or qualify for more. Not the amount you already got. The IRS also sent out letter 6475 to tell you how much they sent you . If you are married then each spouse should get a letter for half.

If the IRS thinks they sent it to you but you didn't get it request a trace for a missing third Stimulus payment

https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-j-p...

[NCperson]

@JS985 - so now that @VolvoGirl and I have "cleared the air" on the limits for the stimulus, what is you specific issue?  

The recovery credit is simply the number of people on your tax return TIMES $1400 (and then a "haircut" if your income is between the limits discussed above) LESS what you already received (probably between March and May, 2021)

if the item in bold above, which YOU have to enter,  does not  match the IRS records (since they are the ones who sent what you received), they will reduce Line 30 by the difference, which results in a smaller refund

Also, in your response, please leave any emotion to the side; it doesn't help and we are just trying to help you