1956228
We only received 1 stimulus check for 929.12 in 2020, Turbo Tax is giving us the whole 2400.00 automatically.
I've put in $0 in the second box but it still wants to give me the whole $2400.00. ???
Windshadow
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You should be able to enter the amount received for each payment and this will decrease the Recovery Rebate Credit on your return. We don't have specific information on the income qualifications or procedures for the third stimulus payment because the measure hasn't been passed yet. However, If you had issues receiving your earlier stimulus, then the best way to ensure that you are one of the first to receive any future stimulus payments is to file your 2020 tax return as early as possible and use direct deposit so that the IRS will have your updated information.
You can find the most up to date information from the IRS here, and updates from TurboTax here as they develop.
where do you put in the amount received for stimulus check. Is it considered income
It is not considered taxable income.
The questions in the Recovery Rebate Credit portion of the TurboTax software will assist the software in determining how much you are entitled to receive based on at least the first and second stimulus checks.
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