![]() ![]() ![]() Click on Preview my 1040 on the left side of the screen. Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.Ĭlick on Tax Tools on the left side of the screen. The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”) If you are eligible it will end up on line 30 of your 2020 Form 1040. ![]() I read filing with Turbotax can create this problem. 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 That became an issue with the first round of stimulus checks, especially since many of these people were in deepest need of the first rounds 1,200 payments and it wasnt an insignificant number. Community: Discussions: Taxes: Get your taxes done: The stimulus check portal says it cannot determine eligibility. The money from the stimulus checks is not considered income and thus taxpayers will not owe taxes on it. 'The IRS is the sole party with the ability to determine eligibility and distribute stimulus payments,' a spokesperson for Intuit, the parent company of TurboTax, told Refinery29. The stimulus check is an advance on a credit you can receive on your 2020 tax return. The payments from the stimulus checks are not taxable. This information may be updated this coming weekend. Since the IRS used previous-year tax returns to determine eligibility for stimulus checks and to facilitate sending checks, not filing taxes was a problem. During a review, the IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief. If you are someone else's dependent or if your income was too high in 2020 and you do not qualify for the recovery rebate credit, the question will not appear. This message doesnt necessarily mean you arent eligible for the payment. Across the top of the screen, click on Other Tax Situations. You can also access your stimulus check choices by following these steps: Down the left side of the screen, click on Federal. Question appears in the Federal Review section. In TurboTax Online, you are prompted to input stimulus check 1 and stimulus check 2 information under Review down the left hand side of the screen. ![]()
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