Economic stimulus payments for COVID-19 relief are adding another layer to tax preparation this year. Tax season has not officially been announced for 2021, but it usually starts around Feb. 1. Many TurboTax users wondering why the program asks customers about stimulus checks. “I almost get in tears on that. But to be protected with our state - if I fall behind on a bit, it’ll be OK,” said a single mom, who lives in Bothell. The form you’ll need is Form 1040. The specific line is Line 30 that indicates, “Recovery rebate credit.” People who have qualified dependents not included in the check can also file for the missing money using the same form.īut the delay means even harder times for people who were counting on receiving that check. H&R Block and TurboTax have come under fire from irate customers who have accused the tax-preparation giants of meddling with the delivery of their stimulus. The IRS expressed in a statement, “Due to the compressed timeline, the IRS is unable to reissue and mail checks and instead encourages people to file their 2020 tax return electronically to claim and receive the Recovery Rebate Credit quickly as possible.” TurboTax and H&R Block have confirmed the Internal Revenue Service has correct bank account information for all of its customers and no issues are expected to impact the stimulus check direct. According to the law, the IRS must have all checks mailed out by Jan. 15. Keri Behling, a 39-year-old Florida resident who filed her taxes with TurboTax, recently tried to check the status of her stimulus payment using the IRSs Get My Payment tool. But if you don’t get a check by the end of the month, you should file for the missing stimulus money in your 2020 tax returns. That means those customers may still receive a check from the IRS.
Across the top of the screen, click on Other Tax Situations. You can also access your stimulus check choices by following these steps: Down the left side of the screen, click on Federal. First, look up how much you received with your first and second stimulus checks. We do not have direct information about your stimulus payment.- Intuit TurboTax January 5, 2021 In TurboTax Online, you are prompted to input stimulus check 1 and stimulus check 2 information under Review down the left hand side of the screen. sure you know the exact amount you received 1. (2) Stimulus payments are determined & issued by the IRS, not by TurboTax.
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