Recovery Rebate Credit

[CJC1]

I did not see where to enter the IRS letter 6475 into turbo tax.  I am married filing jointly and our 2021 AGI is $160,642.  We received $7000.00 for me, my wife and 3 kids, but we had a baby after the 3rd EIP was issued.  Are we eligible for our newborn?  

[VolvoGirl · Accepted solution]

To get to the stimulus questions in TurboTax at any time, you can search for stimulus or recovery rebate credit then hit ENTER and there should be a Jump to link

If you are trying to trigger it,

Click on Other Tax Situations at top

Click on Let's get started

Answer some questions then Continue

Then click on Let's keep going

Next screen is for the Third Stimulus, if you qualify

If you did not get prompted to enter your stimulus information, that means you either:

1. Filed as a dependent being claimed on another tax return, or 
2. have an AGI too high to claim the recovery rebate

No credit is allowed when AGI is at least the following amount:

• $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
• $120,000 if filing as head of household or
• $80,000 for all others.

If your 2021 is too high to qualify for the Recovery Rebate Credit it won't ask you for it.  If your AGI is too high you don't have to enter what you got or letter 6475 and you don't have to pay it back and it is not taxable.  See IRS Topic H 3rd question

Questions and Answers about the Third-round Economic Impact Payment — Topic H: Reconciling on Your 2...