If I didn't get my second stimulus of $1,200 until January 2021 do I still show that I received on my 2020 taxes? Do I show that I received my dependents amount too?

[VolvoGirl · Accepted solution]

Yes a payment you got in January or February 2021 is an Advance and based on your 2020 return.  Enter the second Stimulus payment on your 2020 return now.  The year you got it doesn't matter.  If you don't report it Turbo Tax will give it to you again, which would be wrong and double And delay your refund.  The Stimulus entry screen even says the second one is between Dec 2020 and Jan 2021 so you should include any payments you received in January and February.

[DoninGA]

Yes, you report the 2nd stimulus you and your dependents received in January 2021 on the 2020 federal tax return.

[taxesjk2019]

Thanks!

[ReneeM7122]

It depends.  The stimulus payments are advanced payments toward the  Recovery Rebate Credit on your 2020 tax return.  Depending on your income, even if you received both stimulus payments, you can still get some more towards the credit.  The software will help you figure that out.  

Here are some important TurboTax links about the stimulus:

How will the third stimulus impact me? 

 How will I know if I was issued a stimulus check?

What if I already filed my 2020 taxes?