Received a stimulus check. However not the full amount. Instead of $1200, we received $1098.27. Why did we not receive the full amount?

Forum|Forum|5 years ago
January 8, 2021
1 reply
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We received it by direct deposit.

Opus 17

The amount is reduced if your adjusted gross income is more than $150,000 for married filing jointly. Check your AGI from your 2019 tax return (line 11 I think).

Critter-3

The Stimulus Checks are really based on your 2020 return we are filing in 2021. So any amount you already got will be reconciled on your 2020 return line 30. If you didn't get a Stimulus Check (and qualify) or you qualify for more it will be added to your 2020 return. But the good news is if they paid you too much they won't take it back.

When you go through the federal review tab it will ask how much you got if any. Or to enter your stimulus payment in TurboTax, type "stimulus" (without the quotes) in the Search box, then click the link that says "Jump to stimulus."