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Get your taxes done using TurboTax
@Stinkerbellkity - and worst case that correction process is the 2020 tax returns to be filed next year
- 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 as an additional refund
- If you received too much stimulus (not the issue here), by law , you are not required to return it
April 23, 2020
7:12 AM
1,319 Views