Question

Is the federal refund amount shown in turbotax correct? Should I just move on?

Forum|Forum|5 years ago
March 9, 2021
1 reply
0 views

Turbotax shows that I qualify for the stimulus according to the fact that my adjusted gross income is $1 (because box 1 of my W-2 is blank) and I did not receive any stimulus payments. I am not sure if I really qualify for that?

TurboTax Live Basic Online

DMarkM1

The calculations appear correct. You do not need income to qualify for the Recovery Rebate Credit on your 2020 tax return. If you did not receive any stimulus payments, then both missing payments will be added to your tax return as the Recovery Rebate Credit.

Here is a link with more information on the Recovery Rebate Credit.

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