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For example, if a single taxpayer was incorrectly marked as "can be claimed as a dependent" in 2019, and did not get any of the economic impact payments, the number shows up on the line should be 1,800 assuming her income is below 75,000 in 2020? Currently it the software shows 1,200, and I understand the forms and software are not finalized but I just want to set the expectation correctly.
Suppose that her income is more than 99,000 in 2020, does it mean that she cannot recover on 2020 form 1040? Is there another way to recover, or she will permanently lose the payment? The IRS says it cannot do anything else but to recover in 2020.
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The last release was in early Dec but the law was passed during the holidays and folks are only returning to work now. Furthermore, most wouldn't and shouldn't want to file returns with early releases of their tax programs anyway.
There's little doubt the developers are getting it updated for a future release as we speak. Perhaps watch for it in the scheduled release next week or the one in the week after?
Still an AllStar
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@puravidapto wrote:number shows up on the line should be 1,800 assuming her income is below 75,000 in 2020?
Suppose that her income is more than 99,000 in 2020, does it mean that she cannot recover on 2020 form 1040? Is there another way to recover, or she will permanently lose the payment? The IRS says it cannot do anything else but to recover in 2020.
Yes, if the income qualifies and no Advance credit was received, it will be $1800.
Correct, it is a 2020 credit, so it is based on her 2020 income. If her 2020 is too high, the credit will be phased out or eliminated. If income is in the phase out range or just a little too high, test out how contributing to a Traditional IRA (or HSA, if she qualifies) would affect things.
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Like many years ago with the increasing child tax credit, there was a pre-payment of the additional $400 per child. When the actual year's return was filed, the TPs were required to enter the amount already received so there would be no double dipping.
AND there was to be no repayment of the extra amount in the real year of the increase.
IE, I had two small children, and just so happened to file MFS and claim both in the prior year. In the prior year I was entitled to the full $600 each, so I received $400 as prepayment. IN THE REAL YEAR, we filed MFJ and our income was too high to get any credit. but...
WE DIDN'T HAVE TO REPAY THE EXTRA AMOUNT.

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https://www.irs.gov/newsroom/recovery-rebate-credit
The system isn't wrong - at least not the Turbo Tax system - the IRS website says you've received all that you're due if you've received $1200.
Also, if you owe taxes it will go to the taxes you owe. They will not reissue checks, they said they do not have time.
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@Anonymous wrote:https://www.irs.gov/newsroom/recovery-rebate-credit
The system isn't wrong - at least not the Turbo Tax system - the IRS website says you've received all that you're due if you've received $1200.
The link you cited was created before the 2nd round payment, and was not later updated. The second round notice in this link says:
Yes, if you meet the eligibility requirement. While you won’t receive an automatic payment now, you can still claim the equivalent Recovery Rebate Credit when you file your 2020 federal income tax return.
So the 2nd round of payment should be part of the rebate and I believe the system will be updated to reflect this.
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I won't be receiving my 2nd payment b/c my mail is being forwarded and the IRS doesn't have my new address. From everything I'm reading online, I'll need to complete line 30 to get my $600 - certainly there'll be an easy way to do this in a release coming soon. Has anyone done it manually ?
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This is Not a Turbo Tax site.
@Anonymous
You seem to be lost on the internet.
You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals, and you may be looking for support as an individual taxpayer. Please visit this Link for the TurboTax Help site for support.
The info here is for using specific Income Tax Preparation programs used by the professional preparers who are preparing clients' returns.
And you both have things confused between the various provisions for two different stimulus provisions. Stimulus info can be found at these links:
https://www.irs.gov/payments/view-your-tax-account
https://www.irs.gov/coronavirus/economic-impact-payment-information-center
https://www.irs.gov/coronavirus/get-my-payment
https://www.irs.gov/coronavirus/second-eip-faqs
https://turbotax.intuit.com/stimulus-check/
Good luck.
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