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I claimed the stimulus EIC in 2021 that was given to us. People are telling me that was not supposed to be claimed. which is the reason I didn't get money back.

 
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3 Replies

I claimed the stimulus EIC in 2021 that was given to us. People are telling me that was not supposed to be claimed. which is the reason I didn't get money back.

@Cclizz24  - maybe this is what occured:

 

you were eligible for either the 3rd stimulus or the Recovery Rebate Credit but not both.

 

1) if you received the 3rd stimulus last March - May, 2021, then Line 30 (Recovery Rebate Credit) on Form 1040 should be zero.  if it was not zero, the IRS is going to adjust it and reduce your refund.  There is no need to amend your tax return.

 

2) if you did not receive the 3rd stimuls last March - May, 2021, then Line 28) Recovery Rebate Credit) on Form 1040 should be $1400 times the number of people listed on your tax return. (it's a little different if you income is high, but I am not going to worry about that here).  You are entitled to this money.

 

does that help?

I claimed the stimulus EIC in 2021 that was given to us. People are telling me that was not supposed to be claimed. which is the reason I didn't get money back.

How much is on your 1040 line 30?  Did you receive the 3rd Stimulus payment they sent out last year starting in March?   It was 1400 per person.  If you didn't get it or qualify for more it will be on 1040 line 30 as the Recovery Rebate Credit.  But Line 30 is only if you didn't get the full amount or qualify for more. 

 

When you fill out Turbo Tax it starts out by giving you the full amount you qualify for.  Then at the end you enter how much you already got so you don't get it again.   A lot of people forgot they got the deposit last March - May.  Or missed one payment and entered the wrong amount.  Then when the IRS reduces their refund and they check their bank accounts they have been finding the payments.

 

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

Your Online Account | Internal Revenue Service

 

I claimed the stimulus EIC in 2021 that was given to us. People are telling me that was not supposed to be claimed. which is the reason I didn't get money back.

I think you may have misunderstood something ... in the TT  program it asks how much of the stimulus payment you got in advance ... this did not become taxable income.   It is only used to figure out if you did not get all the stimulus payment you were entitled to ... if you did not get it all a credit would be on line 30 of the form 1040.   If you got too much in advance no harm no foul ... you do not need to send it back. 

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