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Butch597
Returning Member

Recovery Rebate

My daughter in law received a stimulus check in the amount of 716.70, and a second check in the amount of 216.70 Her income for her 2020 taxes is over 150,000.00 . On her 2020 taxes is she entitled to a recovery rebate.?

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3 Replies

Recovery Rebate

The stimulus is based on 2020 income---so that depends on her income in 2020.   She can complete the recovery rebate section and enter exactly how much was received so far.  She will still be subject to the income limits that can cause a phase out of the amount.

 

A1. Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200  ($2,400  for a joint return) if you (and your spouse if filing a joint return)  are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:

  • $150,000  if married and filing a joint return
  • $112,500 if filing as  head of household or
  • $75,000  for eligible individuals using any other filing status
    Your payment will be reduced by 5% of  the amount by which your AGI exceeds the applicable threshold above.

You are not eligible for a payment if any of the following apply to you:

  • You may be claimed as a dependent on another taxpayer’s return (for example, a child or student who may be claimed on a parent’s return or a dependent parent who may be claimed on an adult child’s return).
  • You do not have a Social Security number that is valid for employment.
  • You are a nonresident alien.
    The following are also not eligible: a deceased individual or an estate or trust.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Butch597
Returning Member

Recovery Rebate

The recovery rebate section does not open up. Perhaps because her income(2020) is over the Head of Household limit. Is she entitled to the rebate, and if so How do you enter i the program does not open that area to you

Recovery Rebate

If her 2020 income is over the limit to use the credit then it will not open up.   If her income was low enough to receive some of the stimulus money based on a 2018 or 2019 tax return she does not have to pay it back, but if her 2020 income is too high and surpasses the limit, she cannot get more now.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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