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January 22, 2021
Question

It appears that the Recovery Rebate Credit calculation is basing its calculation on my 2020 AGI not my 2019 AGI. I do not think this is correct. Is it?

  • January 22, 2021
  • 1 reply
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1 reply

DoninGA
Employee
January 22, 2021

It is correct to use the 2020 AGI.  All stimulus payments are an advance tax credit for tax year 2020.

The IRS Recovery Rebate Credit Worksheet specifically requires the Adjusted Gross Income from the 2020 Form 1040 Line 11 be used in the calculations for the credit.