It seems totally unfair to not receive either stimulus check and then get rejected by the IRS for the Recovery Rebate Credit. You enter only a stimulus payment that you received yourself, not a payment that your parents received. Does TurboTax back up returns that they have approved and the IRS disapproves? There's no online support when you go to there site like there is during tax season. a second IRS letter was just received demanding payment in a week. The 2021 RRC amount is 1,400 (or 2,800 in the case of a joint return), plus an additional 1,400 per each dependent of the taxpayer, for all U.S. Don’t claim any missing first or second stimulus payments on your 2021 return rather, you’ll need to file a 2020 return or an amended return to get these payments. If you have not received one or more of your stimulus payments, then you will need to claim this as a recovery rebate via your tax filing for the relevant year. Filing electronically can guide you through the form. I replied to the IRS letter with a letter explaining the above which got nowhere, but I wanted to have a paper trail. To get your money, you’ll need to claim the 2021 Recovery Rebate Credit on your 2021 return. Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. This credit is related to the 3rd stimulus check sent to many citizens in early 2021 due to the coronavirus pandemic. How can that be? I didn't receive either stimulus check in 2020 and TurboTax guided me through the Recovery Rebate Credit on my return and approved my return for submission. The Recovery Rebate Credit has been removed from the Form 1040-SR for 2022. Several weeks ago I received a letter from the IRS rejecting the Recovery Rebate Credit without any explanation and demanding a $500 payment. ![]() If you didn't get the full amount of the third Economic Impact Payment, you may be eligible to claim the 2021 Recovery Rebate Credit and must file a 2021 tax return even if you don't usually file taxes - to claim it. ![]() That Recovery Rebate Credit brought me from owing $500 to receiving a $1,300 refund. These updated FAQs were released to the public in Fact Sheet 2022-27 PDF, April 13, 2022. the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction. When I filed my 2020 return on TurboTax I was prompted through the Recovery Rebate Credit section by TurboTax and received an $1,800 credit approved by TurboTax. Turbo tax Amended Return Question : I amended the return. I did not receive either of the stimulus checks during 2020 even though I more than qualified for them.
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