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Level 2
March 31, 2021
Question

Stimulas payment

  • March 31, 2021
  • 1 reply
  • 14 views

We received 2 stimulus payments, but not for the total amount because of our income.  When I got to the last question on Stimulus check in TurboTax where I had to enter the amount, Turbo Tax said I should get it all and added a bunch onto my refund total.   This does not seem correct.  I don't want to get audited, not sure what to do.

 

    1 reply

    RayW7
    Level 12
    March 31, 2021

    There are income limitations on the stimulus payments and this could have reduced your payment(s) .

     

    Families earning less than $150,000 a year and individuals earning less than $75,000 a year should get the full $1,400 per person. Families earning up to $160,000 per year and individuals earning up to $80,000 per year will receive prorated stimulus checks for less than $1,400 max.

     

    -follow this link for a handy stimulus calculator-

    Third Stimulus Check Calculator, Check if You're ... - TurboTax

     

    Sally16Author
    Level 2
    March 31, 2021

    Yes, my payment was reduced for stimulus money, but the concern I have is that Turbo Tax added the difference onto my refund calculation saying I deserved more.  I think this is wrong.  I am afraid to submit my taxes because of this strange addition onto the refund.  Not sure what to do?

     

    Sally16Author
    Level 2
    March 31, 2021

    It is saying I get a $2500 Recovery Rebate Credit?  What is that?