Quote:
Originally Posted by thinkxingu
Joey, can you confirm the following?
My '20 income went up from '19 but I've not yet filed taxes. If the new stimulus check goes through, and my amount is based on my lower '19 income, rendering a higher stimulus check amount, will I owe that money when I file my '21 taxes?
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Sorry just saw this been a little busy. Lol. They are telling us yes if you receive stimulus if the next round is based on 2020 which has yet to be filed so they use 2019 and subsequently your 2020 is over the threshold it will be reconciled next tax season and would be paid back when 2021 is filed in the form of a lower refund or additional funds due.
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