Question

How to enter a credit for my third stimulus check?

Forum|Forum|4 years ago
February 13, 2022
1 reply
0 views

The IRS sent me a letter 6475 telling me I've earned an Economic Impact Payment for 2021.

I've worked through the TT interview and it hasn't given me an opportunity to enter the credit.

How can I enter the credit?

F

FangxiaL

To enter the stimulus payment, follow these steps:

In the search box, type recovery rebate credit and select the jump to recovery rebate credit link
Follow the instructions on the screens that follow.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

K

kurchianAuthor

Thank you for the reply but it didn't work.

When I JUMP TO the Recovery Rebate page it brings me to a Review page where it tells me that I need to complete another form (1116) that has not been released by the IRS.

R

RaifH

The third stimulus payment is not taxable income for 2021. The system will only ask about it if you are eligible to reconcile what you received with what you should have gotten.

If TurboTax determines you are not eligible, either due to income levels, filing status, or residency requirements, it will not even ask you about the third Economic Impact Payment. If you received the money and it turns out you were not eligible for it, it is yours to keep and it does not need to be entered on your tax return.