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New Member
posted Jun 17, 2021 6:34:16 PM

We did not get stimulus for 2020. Turbotax deducted $3600 on line 30 from what we owed fed. Today we received a $4200 check from the irs. Do I call? Return check?

We owed the fed 5560.  It would have been $3600 more but we didn't get a stimulus so that was deducted on line 30 from our total.  My 20 yr old daughter didn't get stimulus either.  however irs sent $4200 recovery check today.  ugh!  what to do

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2 Replies
Level 15
Jun 17, 2021 6:42:22 PM

OK ... first the balance due on the return ... you still owe it if you have not yet paid it.  

 

Next ... the third stimulus ... $1400 x 3 people on the return = $4200 which could not be taken for a balance due on the 2020 return so you can either cash the check and use it to pay the outstanding balance due you still owe or not.  However the longer the outstanding balance due is left unpaid the more it will cost you in penalties and interest  so if I were you I would use the free money from the IRS wisely. 

New Member
Jun 17, 2021 6:50:14 PM

Oh we paid what we owed for fed and state upon submission of taxes.  Did not know there was another $1400 per person.  Im surprised!!  Good news then!!!  Thank you!