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Level 2
posted May 17, 2021 10:41:26 AM

Stimuly payments

I have not received any stimulus checks till date. I am guessing that it is due to my non filing of 2018 & 2019 returns. I am doing those 2018 & 2019 returns together now by sending the returns in mail. 

 

As per the advice from TTLC, I am going to e-file the 2020 return today for getting the 3rd stimulus check.

 

Is there a place in Turbotax to mention that I haven't received any stimulus checks? Do they process and send the 1st and 2nd payments as well?? Is it too late for the first two payments?

 

Please let me know 

 

0 1 312
1 Best answer
Expert Alumni
May 17, 2021 10:51:03 AM

If you didn’t get your full first and second stimulus payments, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return.

 

To be eligible for the Recovery Rebate Credit you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

 

You cannot be claimed as a dependent by someone else to be eligible. 

 

Your credit amount will be reduced if your 2020 adjusted gross income (AGI) is more than: 

  • $150,000 if married and filing a joint return or filing as a qualifying widow or widower
  • $112,500 if filing as head of household or
  • $75,000 for eligible individuals filing as a single or as married filing separately.  

Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )

 

 

To claim the Recovery Rebate Credit in TurboTax, please follow these steps:

  1. Log into TurboTax.
  2. After entering all your information click "Federal Review" at the top of your screen (or click "Search" and type "Stimulus" and follow the jump to link). 
  3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
  4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
  5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.

1 Replies
Expert Alumni
May 17, 2021 10:51:03 AM

If you didn’t get your full first and second stimulus payments, you may be eligible to claim the Recovery Rebate Credit on your 2020 tax return.

 

To be eligible for the Recovery Rebate Credit you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

 

You cannot be claimed as a dependent by someone else to be eligible. 

 

Your credit amount will be reduced if your 2020 adjusted gross income (AGI) is more than: 

  • $150,000 if married and filing a joint return or filing as a qualifying widow or widower
  • $112,500 if filing as head of household or
  • $75,000 for eligible individuals filing as a single or as married filing separately.  

Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )

 

 

To claim the Recovery Rebate Credit in TurboTax, please follow these steps:

  1. Log into TurboTax.
  2. After entering all your information click "Federal Review" at the top of your screen (or click "Search" and type "Stimulus" and follow the jump to link). 
  3. On the screen "Let's make sure you got the right stimulus amount" click "Continue".
  4. You will be asked about the amounts of first round and second round stimulus payments you received.  If you did not receive a payment enter "0".
  5. TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get. 
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.