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re: Tax ? Stimulus related
Posted on 2/2/21 at 7:58 pm to Dawgfanman
Posted on 2/2/21 at 7:58 pm to Dawgfanman
quote:
Doesn’t make sense...it’s not income
It’s a refundable Tax Credit in the form of a stimulus check. rather than waiting to get the money from the credit in 2021 when you actually file your 2020 tax return, you're in effect getting an advanced refundable tax credit.
1
Posted on 2/2/21 at 9:32 pm to bstew3006
No you are not. It has nothing to do with your 2020 filing. Even if in 2019 you were under the income limits but in 2020 you exceeded there is no payback of stimulus money.
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