Covid $$ from 2020 and 2021

Forum|Forum|1 year ago
January 29, 2025
2 replies
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I understand that IRS is looking at the remaining COVID $$ and wanting to send it out. I am in the process of filing 2021. Will TurboTax ask about this or provide an option for this when doing 2021 tax returns?

The vast majority of those eligible for Economic Impact Payments related to Coronavirus tax relief have already received them or claimed them through the Recovery Rebate Credit. The deadlines to file a return and claim the 2020 and 2021 credits are May 17, 2024, and April 15, 2025, respectively.Oct 15, 2024

Ask the Experts - Family Tax II - Jan 2025

Best answer by DoninGA

You will be asked in the Recovery Rebate Credit section if you received the $1,400 stimulus payment per person.

In TurboTax this is asked after you have completed the Other Tax Situations section prior to Federal Review.

xmasbaby0

Employee

If you are preparing a 2021 tax return the recovery rebate credit is in Federal Review. The credit ends up on line 30 of your Form 1040. Before you claim the credit make sure you did not get it already. Check your online account with the IRS

https://www.irs.gov/payments/your-online-account

**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.**