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Should stimulus payments for couple with 8 yr old child be 2400 1200 as TurboTax suggests? Seems like the child is not included in that calculation?

Forum|Forum|5 years ago
February 1, 2021
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Joint income below 150k and 8 yr old child. From what I researched, those payments mentioned above are not including the child's part.

TurboTax Premier Online

Best answer by MinhT1

For a couple filing jointly, with an AGI of less than $150k in 2020 with an 8-year old dependent child, the first stimulus payment should be $2,900 ($1,200 + $1,200 + $500) and the second stimulus should be $1,800 ($600 x 3).

If you did not receive your first and/or second stimulus payment or if the amount received is not correct or if you did not receive the stimulus for a dependent child under age 17, you can claim it on your 2020 tax return as the Recovery Rebate Credit.

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

Sign into your account and continue from where you left off
Click on Federal in the left-hand column, then on Federal Review on the top of the screen
On the next page titled Let's make sure you got the right stimulus amount, click on Continue
Follow the interview
TurboTax will determine whether you are entitled to any additional stimulus
Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.

M

MinhT1Answer

For a couple filing jointly, with an AGI of less than $150k in 2020 with an 8-year old dependent child, the first stimulus payment should be $2,900 ($1,200 + $1,200 + $500) and the second stimulus should be $1,800 ($600 x 3).

If you did not receive your first and/or second stimulus payment or if the amount received is not correct or if you did not receive the stimulus for a dependent child under age 17, you can claim it on your 2020 tax return as the Recovery Rebate Credit.

In TurboTax Online, to claim the Recovery Rebate credit please do the following:

Sign into your account and continue from where you left off
Click on Federal in the left-hand column, then on Federal Review on the top of the screen
On the next page titled Let's make sure you got the right stimulus amount, click on Continue
Follow the interview
TurboTax will determine whether you are entitled to any additional stimulus
Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.

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G

gandrade00Author

Agreed, that's exactly what I thought... I did effectively receive only 2400 + 1200 from the IRS, and I have tried to claim the difference 2 times with TurboTax, but TurboTax insists that the values of 2400 + 1200 are correct for me... not sure why!