If you did not receive the correct amount of stimulus payment, received only one stimulus payment or had a child born in 2020 and did not receive any stimulus for that child, you will need to claim the Recovery Rebate Credit on your tax return to receive the correct stimulus payment.
When you are ready to file the tax return for the year, you will complete the Recovery Rebate Credit by following these steps:
- Go to the Basic Information
- Select Recovery Rebate Credit (on left side navigation panel)
You will be given three choices. You may select both choice one and two if applicable.
- Choice One - I received stimulus payment(s) during the first round of payments. Select this if you received ANY first round stimulus payment even if the amount was incorrect. You will be asked to enter the amount of the payment.
- Choice Two - I received stimulus payment(s) during the second round of payments. Select this if you received ANY second round stimulus payment even if the amount was incorrect. You will be asked to enter the amount of the payment.
- Choice Three - I have not received any stimulus payments. You are indicating you have not received either payment. You will not be able to enter any amounts if you select this choice.
Based on your answers and your 2020 tax information within your account, the program will automatically calculate the credit on line 30 of the 1040 form.