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3 replies

Mike9241
Level 15
Level 15
January 9, 2021

it's probably either the initial stimulus (economic impact) payment or the second stimulus payment. 

Mike9241
Alumni - Intuit
January 10, 2021

Normally, you would receive $1,200 for the first stimulus and $600 for the second one. If you received less than that, you can apply for the balance when you file your tax return this year.

 

When you prepare your tax return for 2020 in TurboTax, you will be prompted to enter how much you received for your stimulus and then the program will calculate the amount of stimulus due you based on your income, number of dependents and payments already received. If any additional stimulus is due you, it will be used to reduce your 2020 income tax liability, and the balance will be refunded to you.

 

You will see the options when you are done entering your tax information and proceed to the review process.

 

You can file a tax return in 2020 to get your stimulus check, even if you aren't required to otherwise.

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Level 15
January 10, 2021

the 'why' is because you either filed in 2018 or 2019 or filed a 'non-filer' form or are on social security and the IRS picked it up directly from the Social Security Administration.... 

 

why are you asking?