Recovery Rebate Credit (Glitch, Issue or is it correct?)
Hello All,
I am experiencing an issue when filing my 2020 Tax Return, specifically the Recovery Rebate Credit.
I am filing Married Jointly, and our total income for 2020 year is only $89,000, with one kid , and for 2019 year only $80,000.
I did NOT get my 1st Stimulus Check, but I got a $1,200 check for the 2nd Stimulus.
And I add those fields on to the form, and it says I will ONLY get a "1,700 rebate", which I believe is not correct. Can someone explain to me, why am I only getting $1,700 rebate, it should be $3,500 total. I am confused, please help.
This is what the IRS and other calculators online I should be receiving; $2,900 on the 1st Stim Check ($2,400 for me/wife + $500 for 1 child) and should be receiving $1,800 on the 2nd Stim Check ($1,200 for me/wife + $600 for 1 child)
Appreciate the replies. -Mark
