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In preparing our 2021income taxes, TurboTax is indicating I mut repay the total amount of the 3rd Stimulus Check we received.
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No it is not saying you have to repay the stimulus you received. If you received the 3rd EIP payment last year you do not have to repay it.
What you may not realize is that as soon as you began to prepare your 2021 tax return, the software was giving you the $1400 per person and it was shown on that "refund monitor" -----but when you entered that you received it already, the software had to reconcile the payment you received, You cannot get it twice---so it looked to you like you "lost" $1400. per person You did not lose it---you just cannot receive it twice.
Households with adjusted gross income (AGI) up to $75,000 for individuals (up to $150,000 if married filing jointly and up to $112,500 if head of household) will receive the full payment. The third stimulus payment starts to phaseout for people with higher earnings.
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