Skip to main content
February 8, 2021
Question

Stimules checks

  • February 8, 2021
  • 1 reply
  • 0 views

Do we have to pay taxes on the stimulus checks we got and if so did TurboTax handle it? I was told we do and I was asked no questions about the money while filling out my taxes through turbotax.

1 reply

February 8, 2021

No, the stimulus payments are not taxable.

 

In TurboTax, you can claim the stimulus payments that you did not get as the Recovery Rebate credit on your 2020 tax return.

 

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

  1. Sign into your account and continue from where you left off
  2. Click on Federal in the left-hand column, then on Federal Review on the top of the screen
  3. On the next page titled Let's make sure you got the right stimulus amount, click on Continue
  4. Follow the interview
  5. TurboTax will determine whether you are entitled to any additional stimulus
  6. Any stimulus amount remaining due to you will show as a credit on line 30 of your form 1040.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"