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What is the Good Hope or good cause tax credit for not getting stimulus?

 
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What is the Good Hope or good cause tax credit for not getting stimulus?

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check this year, you can get it when you file your 2020 return in early 2021—if you are eligible.It will end up on line 30 of your 2020 Form 1040.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

What is the Good Hope or good cause tax credit for not getting stimulus?

 

Just follow the interview ... everyone will see this screen in the Federal Review tab ...

 

 

2020 stimulus Q.jpg2020 stimulus Q learn more .jpg

 

 

The question about the amount you got in the advance stimulus payment doesn’t happen until the END of the interview.  By then the program has already calculated the credit and has included the amount in the refund meter you see at the top of the screen.   UNTIL you get to that screen where you can indicate how much you actually got in the ADVANCE payment the program cannot know what the correct amount really is.  So once you enter in that amount the program adjusts the credit accordingly depending on how much you already got and the refund meter will change appropriately.  

               

I think the timing of this question is not ideal however the Refund-O-Meter is not to be believed until you have completed the entire interview process.  This is a question we will have to answer a lot I fear just like the "missing" EIC & CTC credit questions.   

 

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