Stimulis based on 2018 not 2019 AGI

[7777Renee]

Can someone tell me how to have turbo tax based my stimulis due on 2019 AGI in lieu of my 2018 AGI?

[VolvoGirl]

For the 1st or 2nd Stimulus?  You reconcile those on your 2020 return.  For the third stimulus now they will use the last return they have on file for you and I think you will reconcile it on next year's 2021 return.  

How will the 3rd Stimulus affect me
https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

[12642171]

where do I ask for the second stimulus payment that i did not receive?

[VolvoGirl]

It will be reconciled on your 2020 return.  Have you filed yet?

When you go through the federal review tab it will ask how much you got if any.  Enter a 0 in the box if you didn't get one.  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.

Before filing,  You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

[NCperson]

2018 and 2019 doesn't matter  anymore for the stimulus  - they were just used as ESTIMATES.  TT does not use 2018 or 2019 to calculate your stimulus as it doesn't work that way.

what really is happening is the first two stimulus payments are based on your 2020 tax return (dependents, income, etc.) and the IRS considers that the ACTUAL calculation, which of course the IRS didn't have DURING the year. 

if the ACTUAL is greater than the ESTIMATE, the difference will show on Line 30 of Form 1040.

if the ESTIMATE is greater than the ACTUAL, you don't have to return the money.  in other words, Line 30 cannot be negative. 

why are you asking? 

[NCperson]

@12642171 - near the end of the tax return questions, TT will ask how much you ACTUALLY received for each of the 1st two payments. (the 3rd payment will be part of next year's tax return, so don't worry about it for now)

anything you are owed will appear on Line 30 of Form 1040