If i havent received the stimulus payments if im p...
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New Member

If i havent received the stimulus payments if im preparing my tax return and it gives me the amount i qualify for will that amount show in my refund amount at the top ?

 
4 Replies
Employee Tax Expert

If i havent received the stimulus payments if im preparing my tax return and it gives me the amount i qualify for will that amount show in my refund amount at the top ?

Yes. The stimulus amounts you are eligible for will show up as part of your refund amount at the top of the page.  On your tax return it is called a Recovery Rebate Credit.  When you complete the "Federal Review" for the first time the credit is added once you answer the stimulus questions there.  

 

 

 

 

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Level 15

If i havent received the stimulus payments if im preparing my tax return and it gives me the amount i qualify for will that amount show in my refund amount at the top ?

your stimulus money goes in as "amounts already paid".

after that the usual arithmetic determines your refund or tax due.

New Member

If i havent received the stimulus payments if im preparing my tax return and it gives me the amount i qualify for will that amount show in my refund amount at the top ?

Ok so one more question. In that case why would my refund amount still reflect the same amount as before doing the stimulus questions? That amount alone is less than what I am eligible to receive for the stimulus so I know it wasn't added on to the amount.

Level 15

If i havent received the stimulus payments if im preparing my tax return and it gives me the amount i qualify for will that amount show in my refund amount at the top ?

Because Turbo Tax started out assuming you didn't get any Stimulus payments so it was already figured in.  Your refund can be less because you must owe some tax on your total income.

 

Check 1040 line 30 for the Recovery rebate credit.  It either adds to your refund or reduced a tax due.  Before filing,  You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...

 

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