Question

TurboTax will not allow me to claim recovery rebate credit while awaiting amendment

Forum|Forum|4 years ago
February 18, 2022
1 reply
0 views

I submitted an 2020 amendment and I am currently awaiting the IRS to process it. That 2020 amendment makes me eligible for the Economic Impact Payment (third stimulus) that I never received. I have completed my 2021 return but TurboTax has not, nor can I find where, to claim the recovery rebate credit. I have referenced this system on how to change my 2020 AGI to "0" but I still cannot claim recovery rebate credit.

X

xmasbaby0

Employee

You have not mentioned how much income you received in 2021. The IRS is not going backwards now and using 2020 income amounts to issue the 3rd EIP to you. If the questions are not appearing for the recovery rebate credit in Federal Review for you then you either said you can be claimed as someone else's dependent or your 2021 income is too high and you are not eligible.

Who’s eligible for the third Economic Impact Payment? (updated March 30, 2021)

Generally, if you’re a U.S. citizen or U.S. resident alien, you are eligible for $1,400 ($2,800 for a joint return), plus $1,400 for each qualifying dependent, if you (and your spouse if filing a joint return) aren’t a dependent of another taxpayer on a 2020 tax return, have a valid Social Security number (SSN) (see exception when married filing jointly and exception for qualified dependents) and your adjusted gross income (AGI) does not exceed:

$150,000 if married and filing a joint return or if filing as a qualifying widow or widower
$112,500 if filing as head of household or
$75,000 for eligible individuals using any other filing statuses, such as single filers and married people filing separate returns.

Payments will be phased out – or reduced -- above those AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:

$160,000 if married and filing a joint return or if filing as a qualifying widow or widower
$120,000 if filing as head of household or
$80,000 for eligible individuals using other filing statuses, such as single filers and married people filing separate returns.

For example, a single person with no dependents and an AGI of $77,500 will normally get a $700 payment (half the full amount). A married couple with two dependents and an AGI of $155,000 will generally get a payment of $2,800 (again, half the full amount). Filers with AGI of at least $80,000 (single and married filing separately), $120,000 (head of household) and $160,000 (married filing joint and surviving spouse) will get no payment based on the law.

You aren’t eligible for a payment if any of the following apply:

You could be claimed as a dependent on another taxpayer’s 2020 tax return
You’re a nonresident alien.
You don’t have a valid SSN issued to you by the due date of your tax return (including an extension to October 15 if you request it).

Also, payments will not be made to estates or trusts or for individuals who died before January 1, 2021.

**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.**