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Stimulus check question
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missyferguson
Posted 3/26/2020 19:34 (#8141354 - in reply to #8141315)
Subject: RE: Stimulus check question


lower Michigan
I think it will be like the last stimulus check. It will be reconciled to the 2020 tax return. Which mean if you had more income than the limit of $150,00 MFJ you will repay some of the stimulus on the 2020 tax return. Then on the other side, if you had a reduced amount of stimulus based on high income in the previous filed tax return, but your income was lower in 2020 you could end up getting the balance you were denied in a refund.
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