how does your income look for 2020? is it within the limits? in case they don't use 2019, here is the 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 your income was over the limit in 2018 but not in 2020), you will receive it through the 2020 tax filing.
- If you received too much, by law stimulus, you are not required to return it
you may not like the wait, but you'd still be getting the money.
