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Second Stimulus check

Forum|Forum|5 years ago
January 27, 2021
4 replies
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Using TurboTax Home & Business to complete my tax return. It asks how much was received on both stimulus checks. I entered the first amount received last spring, but the second check didn't arrive until January 4 so I entered 0 for that one for 2020. I assumed that would be reported with the 2021 return. But not reporting it increased my refund by $600.00. That doesn't seem right and makes me think I should claim the second one in 2020 even though it wasn't received until 2021. The government mailed them January 4. Any advice?

TurboTax Home & Biz Windows

Best answer by ColeenD3

The program is asking whether or not you got your second check. Period. It doesn't matter when you got it. If you did not get it, answer $0. But, since you did, include the amount you received.

ColeenD3Answer

The program is asking whether or not you got your second check. Period. It doesn't matter when you got it. If you did not get it, answer $0. But, since you did, include the amount you received.

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PMR1Author

Thank you. I was coming to that same conclusion when I was reviewing the instructions, but I'm glad to get the feedback and validation

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jflynn1761

Thanks. I assumed the same thing since it isn't considered taxable income it doesn't matter when you got them.

C

cshawber

Thanks for the answer, but that's not what I wanted to hear

T

Twins53sher

Why haven’t I received my second stimulus check?, but I received my first and second?

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b6zdmx47cty2h

I did not receive the second stimulus check for $600.00. I had moved to my new address and it was not forwarded. How do i apply for it? Thank You

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Irene2805

If you haven't yet filed your 2020 return, you can claim the Recovery Rebate Credit on your 2020 tax return. This credit will allow you to get any stimulus money you're still owed—you'll just get it as a credit on your tax return instead of a separate payment.

To do this in TurboTax, please follow these steps:

Enter the information in your return.
Click Federal Review at the top of your screen.
On the screen, Let's make sure you got the right stimulus amount, click Continue.
You will be asked about the amounts of first round and second round stimulus payments you received.
TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to. This will show as a credit on line 30 of the 1040.

@b6zdmx47cty2h