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January 7, 2021
Question

How do you add the recovery rebate credit?

  • January 7, 2021
  • 1 reply
  • 0 views
How do I add the 1040 form

1 reply

SusanY1
January 9, 2021

You will claim the Recovery Rebate Credit in TurboTax by answering the two questions about the stimulus payments that will appear at the end of the TurboTax interview. 

 

The questions are in the section Federal Review.  

 

Once the information is entered you will see your refund increase or balance due decrease, and TurboTax will enter the amount of the credit on Line 30 of Form 1040 for you.

 

The IRS is distributing payments through January 15, 2021.  Please wait until after this date to submit your tax return so that you will be filing the most accurate return possible. 

 

Note: 

If you are not seeing the option to provide both amounts in Federal Review please update your software, if using Desktop software.

  • In TurboTax for Windows, select Check for Updates from the Online menu.
  • In TurboTax for Mac, select Check for Updates from the TurboTax menu.

If you are an online TurboTax user, your software should update automatically.  However, it may be necessary to log out of TurboTax, clear your browser cache & cookies, and log back in to ensure you are seeing the most up-to-date version of the program.

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