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February 27, 2021

There are certain requirements that must be met to obtain the Rebate Recovery Credit.  As long as you meet the requirements as provided in the following link, you will be able to claim the credit.

 

Recovery Rebate Credit Eligibility

 

You can review your input in TurboTax to ensure you are answering all of the questions to ensure you receive the credit if you are eligible.

 

When you prepare your 2020 income tax return, be sure to do the following to ensure the credit is calculated correctly on your income tax return.

 

In the Federal section, select the Federal Review interview section at the top of the screen.

 

This will take you to the input section for the Recovery Rebate credit.

 

Be sure to indicate the actual amount of each stimulus payment you received on the page that asks if you received a stimulus payment. 

 

There will be two boxes and both need to be completed.  If you did not receive any stimulus payments, please indicate We didn't get a stimulus payment by checking that box.

 

Stimulus input page

 

If you have a specific question, please comment so we can assist you.

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