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January 1, 2021
Question

I didnt get the stimulus payments due to 2019 income but my 2020 income makes me eligible, how does that work

  • January 1, 2021
  • 2 replies
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2 replies

January 1, 2021

just complete the 2020 tax return.  Everything is based on your 2020 income and filing status; what occurred in 2018/2019 no longer matters.  There are questions at the END of the interview that will reconcile what you are due.  Any credit will appear on LINE 30 of Form 1040 and will increase your refund (or reduce what you owe).   At this point TT only has programmed in the first stimulus and it's expected (we hope!) that the 2nd stimulus is programmed in by the time the submission window opens in late January.

 

does that help??

January 2, 2021

I did this and it only gave me credit for me, not for my son who it was supposed to. 

January 2, 2021

questions:

 

1) how old is your son as of 12/31/20

2) how much stimulus did you receive on the 1st payment?

macuser_22
January 1, 2021

In TurboTax 2020 answer this question to add it to your 2020 Tax return.

 

 

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**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**