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Get your taxes done using TurboTax
there is no way to cause the IRS to use 2019 over 2018 HOWEVER, this should work itself out:
here is why:
- 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
if your parents aren't dependents of you in 2020, they should get the stimulus at that point when they file for 2020. that is the way the CARES ACT was designed.
April 17, 2020
7:07 PM