- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi Dashley,
The same thing happened to me! Although I did file 2019 taxes on February 6th of this year, there was an error and it got kicked out; so I submitted the corrections on March 16th and they told me it will take up to 12 weeks or longer before it's resolved or finished processing and I get my refund. (That was BEFORE the outbreak!) My payment was also based on 2018 income rather than 2019; so I got less than the full $1,200 as well.
BUT--My understanding is that any shortfall - in other words, if they based it on 2018 and they should have used 2019, it will be made up in 2020 anyway, since this payment is actually an advance payment based on 2020 income. (WTF, right?) So...when you file your taxes in 2020 (provided you make less than $75,000), any difference should be deducted from any taxes owed, or if no taxes are owed it should be refunded/added to your refund. Not to worry if you make OVER $75,000 in 2020, because my understanding is also that you will not be penalized if you go over - in other words, you won't have to pay any of that back. It's SO confusing, I know! But hopefully, this will all work out - We just might have to wait a little longer...! Best wishes!