All you have to do is enter the amount(s) of stimulus you received in TurboTax. If you didn't receive any stimulus money, keep the boxes blank. TurboTax will automatically calculate what your stimulus amount is or whether you're getting one (called the Recovery Rebate Credit).
The Form 1040, Line 30, Recovery Rebate Credit will either be blank or have an amount, depending on what you entered.
To quickly get to the stimulus section of TurboTax:
- Search for stimulus and select the jump-to link at the top of the search results to return back to the section.
- Enter your updated info and Continue.
Note: Stimulus payments were advances on the Recovery Rebate Credit. Stimulus payments are not taxable income to you so you won't be taxed on the amount you receive. It won’t reduce your refund or increase what you owe when you file your taxes this year. It’s also not considered income, so it won’t affect your eligibility for any federal government assistance or benefits. To review the TurboTax FAQ, click here.
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