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dimis2021
Returning Member

Recovery rebate credit

There are $1800 stimulus check for 2020 I haven’t received.  When I did my tax return, I didn’t see the screen shown “stimulus checks “ questions.  Is that because I made more income in 2020 than in 2019? (the more income was  from investment in 2020 ) .  In this case, how to report that $1800 or there is no need to report it?   Thanks! 

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3 Replies
AmyC
Employee Tax Expert

Recovery rebate credit

If your 2020 income was above the threshold, you would not qualify and would not be asked. 

  • $150,000 if married and filing a joint return or if filing as a qualifying widow or widower;
  • $112,500 if filing as head of household; or
  • $75,000 for eligible individuals using any other filing status
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dimis2021
Returning Member

Recovery rebate credit

Thanks! 

Hal_Al
Level 15

Recovery rebate credit

In essence, the stimulus checks acts as an advance of your 2020 income tax refund. This means when you prepare your 2020 income tax return, there will be a line to include the recovery rebate credit (line 30 on the 2020 form 1040). The credit on your 2020 return is subtracted by any amount received as a stimulus check in 2020. If the amount you received as a stimulus check is less than the credit you are due, the difference will be included as part of your 2020 refund. If you have been overpaid by receiving the stimulus check, however, you will not be required to return any excess amount.

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