Quote:
Originally Posted by bigdog
Have a tax question, that maybe this is a CPA on the Forum.
I didn't receive either the $1,200 or the $600 stimulus checks from the
COVID-19 economic relief package, because my income in 2019 was over $150k for my self and wife.
The stimulus checks were based on your 2019 IRS tax return. In 2020, my income was cut in half.
#1 Is there a process I can apply for the second check which was sent out ?
#2 I was told that there is a IRS tax form that can be completed and sent in with my 2020 IRS tax return, that I can get a 'credit' on my return for those stimulus funds I should have received ?
Thanks !
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The simple answer is yes. There is a worksheet that has to be completed based on your 2020 income and the amount of the two stimulus checks you received if any and if you are due stimulus funds you’ll receive a credit on your 2020 tax return for that amount
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