Question

TurboTax is determining my stimulus eligibility based on my 2020 AGI. But I haven't filed my 2020 return. Shouldn't it still be based on my 2019 AGI?

Forum|Forum|5 years ago
January 26, 2021
1 reply
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My 2019 AGI was below $150,000. My 2020 AGI is above $150,000. I did not receive the second stimulus payment and will need to claim it as a rebate.

TurboTax Self Employed Online

M

MinhT1

The amount of stimulus claimed as the Recovery Rebate credit is based on your 2020 income.

The IRA says in this document:

Your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $150,000 if you are married filing a joint return or filing as a qualifying widow or widower, $112,500 if you are using the head of household filing status, or $75,000 if you are using any other filing status.

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