Stimulus Check Tax Credit Turbotax

For the first stimulus check single filers and heads of household could have gotten up to 1 200 plus 500 for each qualifying child a person under age 17 who is claimed as a dependent.

Stimulus check tax credit turbotax. If you didn t get the first stimulus payment or if you received one but it wasn t the full amount you may be eligible for the recovery rebate credit when you file your taxes this year. The solution for people with stymied stimulus checks was filing their 2020 tax return as soon as possible once tax season started and claim the recovery rebate credit for the stimulus check then. If something went wrong or you did not get the stimulus check this year you can get it when you file your 2020 return in early 2021 if you are eligible it will end up on line 30 of your 2020 form 1040.

The irs determines eligibility for stimulus payments. Maupin doesn t have her 600 stimulus payment even though the irs s check your payment status claims the money was deposited. If you re underpaid based on your 2020 income you may receive more tax credit when you file your 2020 taxes.

Turbotax will ask you upfront if you received a stimulus payment and help you claim the recovery rebate credit and other tax deductions and credits you re eligible for based on your entries. If you have questions you can connect live via one way video to a turbotax live cpa or tax expert with an average 12 years of experience and get your tax questions answered. Turbotax expects most customers to receive stimulus.

Turbotax will guide you through this so you get every dollar you deserve. People who do not receive their stimulus payment by the january 15 deadline will have to wait to claim their stimulus check as a tax credit when they file their 2020 taxes.