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johndeere310d
Level 1

Recovery rebate credit question

 
3 Replies
DanaB27
Expert Alumni

Recovery rebate credit question

If you didn’t get your full stimulus payment, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return.

 

To be eligible for the credit you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

 

You cannot be claimed as a dependent by someone else to be eligible. 

 

Your credit amount will be reduced if your 2020 adjusted gross income (AGI) 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 eligible individuals filing as a single or as married filing separately.  

Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )

 

 

To claim the credit in TurboTax, please follow these steps:

  1. Log into TurboTax.
  2. After entering all your information click "Federal Review" at the top of your screen. 
  3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
  4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
  5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.

 

If you have any additional questions then please provide more details about your question.

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johndeere310d
Level 1

Recovery rebate credit question

The first installment for the recovery was $1200/person, and the second was $600/person.  I am married, filing jointly.   We received $2400 for the first, but my wife passed away in July, so I only received $600 for the second.  When I fill in the Recovery rebate question in Turbo Tax, and I enter $600  for the second installment, it automatically assumes my wife is still alive and that I should have received $1200 for the second installment.  Thus, it incorrectly calculates an additional $600.00 for my Federal Refund.   How do I compensate for this?

DoninGA
Level 15

Recovery rebate credit question


@johndeere310d wrote:

The first installment for the recovery was $1200/person, and the second was $600/person.  I am married, filing jointly.   We received $2400 for the first, but my wife passed away in July, so I only received $600 for the second.  When I fill in the Recovery rebate question in Turbo Tax, and I enter $600  for the second installment, it automatically assumes my wife is still alive and that I should have received $1200 for the second installment.  Thus, it incorrectly calculates an additional $600.00 for my Federal Refund.   How do I compensate for this?


The additional $600 is correct.  Someone who passed away in calendar year 2020 and was eligible can receive both the EIP1 and the EIP2.

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