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mlawson2
Returning Member

Where do i enter stimulus payment amount for 2021

I received the 3rd stimulus check for $1400 in 2021.  Turbotax asks the question if I received it and when I enter the amount my tax due increases - I thought this was not considered income?

Where do i enter stimulus payment amount for 2021

@mlawson2 

 

 

What you may not realize is that as soon as you began to prepare your tax return, the software was giving you the $1400 and it was shown on that "refund monitor" -----but when you entered that you received it already, the software had to reconcile the payment you received,   You cannot get it twice---so it looked to you like you "lost" $1400.   You did not lose it and you are not being taxed on it---you just cannot receive it twice.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
zurm
New Member

Where do i enter stimulus payment amount for 2021

I am in a similar situation. I want to adjust my answer when I do the jump to method it just takes me to the review and does not give me the option to change it. 

LenaH
Employee Tax Expert

Where do i enter stimulus payment amount for 2021

Please note that this page will not appear if your income is above the limits of the Recovery Rebate Credit. Those limits are:

  • $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
  • $120,000 if filing as head of household or
  • $80,000 for all others.

@zurm

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Where do i enter stimulus payment amount for 2021

It did not ask me whether we received the 2021 Stimulus payment 

Where do i enter stimulus payment amount for 2021


@patcharlton9 wrote:

It did not ask me whether we received the 2021 Stimulus payment 


After you complete the Wages & Income section, the Deductions & Credits section and the Other Tax Situations section, the stimulus question will be asked in Federal Review.

 

There are only two reasons the question for receiving the 3rd stimulus payment would not be presented - 

1.  You are being claimed as a dependent (or)

2.  Your 2021 Adjusted Gross Income is over the maximum to receive the Recovery Rebate Credit

• Single or married filing separately—$80,000
• Married filing jointly or qualifying widow(er)—$160,000
• Head of household—$120,000

 

You keep the 3rd stimulus payment you received, it does not have to be repaid.

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