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April 21, 2021
Question

Didnt get my second stimmulius what toido?

  • April 21, 2021
  • 1 reply
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How do I apply for my stimmulius tax credit?

1 reply

April 21, 2021

You will need to file your 2020 income tax return in order to claim the Recovery Rebate Credit.

 

The amount of the Rebate Recovery Credit is based upon your actual 2020 income tax return you file.  Therefore, if you meet the criteria for the credit, you will receive it when you prepare your 2020 income tax return.  The credit is intended to give those who should have received a stimulus payment but never did or only received a partial payment, a tax credit on their tax returns.  Any excess credit is then refunded to you if there is an overpayment on your tax return.

 

See the following link for additional information on the credit and when it applies.

 

Recovery Rebate Credit eligibility

 

When you prepare your 2020 income tax return, be sure to do the following to ensure the credit is calculated correctly on your income tax return. 

  1. In the Federal section, select the Federal Review interview section at the top of the screen.
  2. This will take you to the input section for the Recovery Rebate credit.
  3. Be sure to indicate the actual amount of each stimulus payment you received on the page that asks if you received a stimulus payment. 
  4. There will be two boxes and both need to be completed.  If you did not receive the second stimulus payment, please enter zero in the second stimulus payment box to ensure your credit is calculated correctly.

Stimulus payment

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