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February 28, 2021
Question

It’s my first time filling my taxes, how would I know if I’m still going to receive my stimulus check?

  • February 28, 2021
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February 28, 2021

You have not lost your stimulus money. The Recovery Rebate Credit will cover both the first and second stimulus payments. This will determine the full amount of potential refund you are entitled to based on income and eligible dependents, and will be part of the final combined refund on your return, if applicable.

 

The stimulus payments are required to be reconciled on the 2020 tax return.  TurboTax will walk you through that under the 'Federal Review' tab at the top. If you are not claimed as a dependent on another return, such as your parents' return, then you will be eligible for the stimulus payments.

 

When you are completing your return, follow the steps below.

  • In TurboTax Online, to claim the Recovery Rebate credit please do the following:
  1. Sign into your account and continue from where you left off
  2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
  3. On the next page titled Let's make sure you got the right stimulus amount, click on Continue
  4. Follow the interview, be sure to correct or change the stimulus payments you actually did receive (zero if none).
  5. TurboTax will determine whether you are entitled to any additional stimulus
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.
  7. See the image below.

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