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Level 1
posted Feb 27, 2021 12:08:53 PM

Weird TT assessment of qualification for stimulus money.

Strange that TT says my wife (alone) qualifies for the stimulus check when we're joint filers and way over the combined AGI. I think we do not. Why is TT saying this?

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1 Replies
Expert Alumni
Feb 28, 2021 6:41:49 AM

You are correct, there are income limits. Try deleting this worksheet and re-adding it.

 

For married, filing joint, the AGI limit is $150,000.  The credit amount is reduced by $5 for each $100 above that threshold. The maximum amount is different based on whether you are claiming any dependents.

 

To do this in TurboTax, follow these steps:

  1. From the left menu, select Tax Tools.
  2. Select Tools.
  3. Scroll to Delete a Form.
  4. Scroll to Recovery Rebate Credit Worksheet and select DeleteDelete Selected Form and Continue.

Next, refresh your browser, and select Federal from the left menu.

 

Then, return to the stimulus payments area and update your  Recovery Rebate Credit by following these steps. Even though you have been doing this already, with the new, blank worksheet in your program, you will be able to update:

  1. Go to the search box and enter stimulus. Click the Jump to link.
  2. Answer Yes.
  3. At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
  4. Enter the amount received for each stimulus separately. When finished, click Continue.