Recovery Incentive credit

Forum|Forum|4 years ago
February 10, 2022
5 replies
19 views

MFJ Client had adj gross inc of $189,000 in 2020. Did not receive the $2800 incentive in 2021. Their 2021 Adj gross inc is $126,000. The Pro Series form wants to give them the $2800. Should I file the return including the $2800 refund?

There is no place to indicate this on the form. If I put a zero for amt of incentive received, program wants to give them the $2800.

Help.

ProSeries Professional

This topic has been closed for replies.

Best answer by dkh

Maybe this IRS info will help https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-b-eligibility-and-calculation-of-the-third-payment

sjrcpa

Level 15

What makes you think they do not qualify for it for 2021?

The more I know the more I don’t know.

D

dmangelliAuthor

Level 2

I thought the incentive received in 2021 was based on 2020 income. But, I see by the other response that it is based on 2021 income. So, I believe they are entitled to it.

Thank you.