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April 7, 2021
Question

Does turbo tax add your missing stimulus money to your federal refund total or is it completely separate?

  • April 7, 2021
  • 2 replies
  • 0 views
For example if my refund was 6600 but I never received the 600 payment is my refund 6000+600 or 6600+600

2 replies

Employee
April 7, 2021

If you did not receive the 1st or 2nd stimulus you use the recovery rebate credit to get it added to the refund on your 2020 tax return.

 

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. ( 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.

 

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-2020-tax-return

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

 

The third stimulus is separate and you do not enter anything about it on your tax return.

 

TurboTax cannot track your 3rd stimulus or tell you when it will arrive.  The IRS is issuing 3rd stimulus checks on its own timetable.

 

You can use the IRS Get My Payment site to see what is expected for your 3rd stimulus check:

 

https://www.irs.gov/coronavirus/get-my-payment

 

https://www.irs.gov/coronavirus/get-my-payment-frequently-asked-questions

**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.**
Critter-3
April 7, 2021

Missing stimulus money is put on line 30 of the form 1040 and is included in the refund ... REVIEW the form 1040 carefully before you file.