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Judy R
New Member

TurboTax and 3rd Stimulus Payment

Based on my 2019 taxes, I was not eligible for the first or second stimulus payments.  Based on my AGI for 2020, I am eligible for all three payments.  I have NOT filed my 2020 taxes.  Will TurboTax and/or the IRS update the Recovery Rebate Credit Worksheet for the third stimulus payment before the extended tax day of 5/17/21?

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2 Replies
rjs
Level 15
Level 15

TurboTax and 3rd Stimulus Payment

The worksheet will not be updated because, on your 2020 tax return, you don't get a Recovery Rebate Credit for the third stimulus payment. That will be on your 2021 tax return.

 

TurboTax and 3rd Stimulus Payment

you will get the 1st two stimulus payments via the recovery credit on Line 30 when you file your 2020 tax return.

 

if you don't later receive the 3rd stimulus payment, you will get that via the recovery credit on Line 30 on your 2021 tax return.  The 3rd stimulus payment has nothing to do with the 2020 tax return. 

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