Question

Stimulus Money

Forum|Forum|5 years ago
January 29, 2021
1 reply
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When I enter the amount I received on both stimulus checks my refund goes from+2000$ to owing +1100$. Everything I read even in the help section of turbo tax say I shouldn't be taxed for these payments.

Help

TurboTax Basic Windows

X

xmasbaby0

Employee

IT TOOK MY STIMULUS MONEY AWAY

You might have become confused by the flow of information in the software. That "refund monitor" on your screen displays a "refund" amount that includes the stimulus money. as part of your 2020 refund. But later when you enter the amount of stimulus you really received already, it removes the stimulus already given to you. And it looks to you like you "lost" your refund, But ---you do not get the same stimulus money twice--that is why it came out.

Look on line 30 of your Form 1040 for your recovery rebate amount.

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.

**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.**