2021 taxes were married filing jointly & we received $1400 check each for $2800 total stimulas payment. Our AGI for 2021 is well over 160,000. TurboTax says: Stop, you can't take credit, and leaves nothing on line 30, 1040-SR.
The checks were cashed earlier in 2021. My question is, do we owe the IRS $2800? If so, do we revise our 1040-SR tax return and how is that accomplished.
No you get to keep it. Even if your AGI is under the max you wouldn't get any more. You got the full amount and don't have to pay it back.
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