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posted Aug 11, 2021 1:39:57 AM

My tax transcript shows the $1700 for both the Primary and Secondary EIP payments. My actual 2nd payment was $1200. Does this affect my 2020 or 2021 taxes?

Primary EIP shows correct amount $1700.  Secondary shows $1700, but I received $1200 that round.  Do I need to file an amended return?

0 2 482
2 Replies
Level 15
Aug 11, 2021 1:42:01 AM

Amend your return if you did not receive the entirety of EIP1 or EIP2 to which you are entitled.

Level 15
Aug 11, 2021 6:55:02 AM

@sweetweedkelly $1700 is an incorrect amount for the round 2 stimulus, unless it was reduced because your gross income was more than $75,000 (single) or $150,000 (married filing jointly). Round 2 was $600 for each adult and $600 for each dependent, so the correct amount might’ve been $1800 if you are married and have one child, or if you are single and have two children, but $1700 is an incorrect amount.

 

$1700 would be the correct amount for round 1 if you were single or head of household and had one dependent, in which case, your correct round 2 amount would be $1200.

 

Regardless of these assumptions, if the IRS indicated that they sent more money than you received, you will have to initiate a trace of the payment at the IRS website. You can’t obtain those funds by amending your tax return, because the IRS believes they were already paid.