2020 tax return stimulus reduction

Forum|Forum|5 years ago
May 8, 2021
2 replies
22 views

When entering my information, where do i enter information around the covid stimulus? We only received a portion of the first stimulus and none of the second, but TT did not ask any questions around that.

xmasbaby0

Level 15

If your 2020 income is too high the recovery rebate credit questions will not appear. Or did you just miss going to the Federal Review section?

The stimulus check is an advance on a credit you can receive on your 2020 tax return. If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040.

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-2020-tax-return

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

seewetz1Author

Level 2

I don't know what i am doing wrong, but TT does not ask me the 'recovery rebate' question when i go into the federal review. When i look at my 1040, i can see that line 30 is blank. Is there another way to enter that information?