Where in turbotax do we report the two stimulus checks already received in 2020?

[fcrivero]

I was not able to find under the 'Income' section where to report the two stimulus chechs received for the COVID releif in 2020. 

[xmasbaby0]

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the Federal Review section,  If you are eligible it will end up on line 30 of your 2020 Form 1040.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-...

[DJS]

There's a loophole in the law that prevents you from having to pay taxes on the stimulus check money you get. As it turns out, your stimulus check isn't "income" after all, according to the law. Instead, it's simply an advance payment of a tax credit. And tax credits aren't taxable income.

TurboTax does include a Recovery Rebate Credit Worksheet that's use to calculate the amount of the credit that you may be due. If you've already received more than the amount due to you then you don't need to repay it. 

[MaryM428]

Here is the quickest way to get to the screen to report the stimulus check information:  

Select Federal Review at the top of the TurboTax screen.

You will press Continue at the next screen and then Yes in the next screen to bring up the payment screen.

[Donald81]

There was a mistake on my tax return on line 33 and I have sent it in March 5.  Have not yet received the correction. What needs to be done, if anything?

[DMarkM1]

There is nothing to do at this time for stimulus corrections on your 2020 tax return that has been accepted.  The IRS is reconciling the Recovery Rebate Credit on tax returns with stimulus payments.  They will make the corrections and notify you of the changes.  

Here is a link for reference.