Recovery Incentive credit

[dmangelli]

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.

[sjrcpa]

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

[dkh · Accepted solution]

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

[dmangelli]

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.

[dmangelli]

Thank you.

[dkh]

Happy to be of help.