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gadus2013
New Member

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

Or, does this information get asked of me in another section?
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5 Replies

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

Not sure what you are asking about a health rebate,

 

But for the first 2 Stimulus payments

When you go through the federal review tab it will ask how much you got if any.  Enter a 0 in the box if you didn't get one.  Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."

 

After you have entered your tax information and are ready for the Federal Review, it will be the first question.

 

If you are trying to trigger it, you can go to Other Situations, answer any questions and click Done. The next automatic selection is Federal Review and it will ask about payments received.

 

If you didn't get any or all of the Stimulus payments or qualify for more the Recovery rebate credit is on 1040 line 30.  It either adds to your refund or reduced a tax due.

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

Are you asking the premium tax credit?  Did you get a 1095-A?

 

it is now listed under Deductions instead of a separate tab.

To enter your Form 1095-A -

Federal Taxes (Personal using Home and Business)

Deductions and Credits

Scroll down to Medical

On Affordable Care Act (Form 1095-A), click the start or update button

 

 

 

You only need to enter 1095A, not 1095B or C.

gadus2013
New Member

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

This is just a rebate check from Anthem. Whenever a health insurance co. devotes more than 20% of income to administrative, they pay a penalty - to the consumer. This is an ACA rule.

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

The rebate is only reported as income if you deducted the insurance premiums as either an expense or schedule a deduction On a prior year tax return.

Where in the income section do I list monies received from health insurance rebate and first pandemic stimulus check?

You also asked where to enter the first EIP payment received.

 

  

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2020 Form 1040.

 

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

**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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