Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 17, 2021 5:50:14 PM

Should the Federal taxes I owe increase when I enter the stimulus check amounts

my amount owed increased from $345 to $1541

0 1 324
1 Replies
Expert Alumni
Apr 17, 2021 6:13:29 PM

This will happen if the initial amount displayed included an amount for a recovery rebate credit. It shows the credit being removed.  

 

It some versions of TurboTax the program starts with the credit showing removes it when the payments are entered, and in others it starts without the credit and adds it later in the process.  

 

It appears your version started with the credit showing.  

 

You can verify that the amount is correct by examining the tax return before filing.  If you have already received all your payments, you will have no additional credit on Line 30.