Does anyone else see that TT Premier is calculating 'Stimulus Payment', first or second round, for federal return based on 2020 AGI instead of 2019 AGI, as it should?

[samkelly]

If yes, any response from TT to fix?

[VolvoGirl]

2020 is right.  The Stimulus Checks are really based on your 2020 return we are filing in 2021.  So any amount you already got will be reconciled on your 2020 return line 30.  If you didn't get a Stimulus Check (and qualify) or you qualify for more it will be added to your 2020 return.  But the good news is if they paid you too much they won't take it back.

[ad225]

Thanks for confirming the stimulus reconciliation is based on the 2020 return. That is consistent w/ how TurboTax is calculating it. I was hoping it would reconcile with the 2019 AGI which was less than 2020 but it appears that isn't the case. If I would have filed my 2019 return well ahead of the first stimulus check I would have gotten $600+ since my 2018 AGI was significantly higher than 2019. Luck of the draw and at least there was an ability to get a corrected amount even if it was lower than hoped for.