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Get your taxes done using TurboTax
@Clydewillis1987 - I'll assume both children are under 17 years old, right?
it'll work itself out, and this is your worst case scenario:
- The stimulus payments are really based on your 2020 tax return (income, dependents, etc).
- The IRS is using either 2018 or 2019 – whatever is available - to ESTIMATE that payment
- When you file next year there will be a “settle up” section on the tax return.
- If you are due more stimulus (and this would include where you simply never received it), you will receive it through the 2020 tax filing.
- If you received too much, by law, you are not required to return it
April 17, 2020
1:36 PM