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If you are getting a Recovery Rebate Credit on your 2020 return, you may qualify for the payment.
To qualify, you must:
Since the first and second round stimulus payments were based on your last tax return filed, your situation may have changed for tax year 2020, which would now make you eligible for the Recovery Rebate Credit.
Thanks for the quick response. Is there a way to opt out of this credit on the turbo tax sofware?
If TurboTax is saying that you qualify for the credit and you want to opt-out, the easiest way to do this is to say that you received the stimulus payments. Follow the directions below and enter the exact amount of the Recovery Rebate Credit. This will take your Credit to Zero. Then Check Line 30 on your 1040 to make sure it also says Zero.
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