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If I don't have to pay taxes on my stimulus then why is it affecting my tax return? I was getting money back until they put my stimulus in?

I was getting money back until they put my stimulus in, so why if I don't have to pay taxes on my stimulus is it affecting my tax return?
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1 Reply
DanaB27
Expert Alumni

If I don't have to pay taxes on my stimulus then why is it affecting my tax return? I was getting money back until they put my stimulus in?

Before you entered the stimulus payments received the refund included the amount of Recovery Rebate Credits as if you didn't receive any stimulus payments. Once you entered the stimulus payments it took the Recovery Rebate Credit off and showed the correct amount.

 

 

  1. Log into TurboTax.
  2. After entering all your information click "Federal Review" at the top of your screen. 
  3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
  4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
  5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.

 

For additional information please see Stimulus FAQ at the end of the TurboTax article.

 

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