Will I receive a stimulus check after 2019 tax filing?

[miamicuse]

I have not yet filed for 2019 tax.  I am ready to file tomorrow.

My income for 2018 was unusual because I had an unexpected, unplanned and unavoidable capital gains due to having left my employment and had to exercise and sold my employee stocks upon exit.  The selling of that stock caused my 2018 gross income to be high, and not qualified for the COVID stimulus assistance.

My 2019 income is much lower, and when I file next week, will that new filing allow me to qualify for the stimulus assistance?

I understand for those who filed for 2019 early, they would determine your qualification for stimulus based on 2019, otherwise they would use 2018.  I know my 2018 income was too high but my 2019 is back down to normal, but I am not filing until now, so will I still receive stimulus payment or did I miss it?

[VolvoGirl]

It is really based on your 2020 return next year.  So if you don't get it on your 2019 return you reconcile it on 2020.

[miamicuse]

I did not receive my stimulus check because I believe it was because my 2018 return was too high.

My question was whether I will receive a stimulus check NOW once I file my 2019 tax return which is much lower and close to my normal, average income.

I am not following how this has anything to do with 2020 taxes, unless you are talking about whether a stimulus check is considered an income for taxation, which is not my question at all.

[VolvoGirl]

We don't know if the IRS will send you a Stimulus Check based on your 2019 return when you file.  But it is really going to be based on your 2020 income.  Like if you didn't get the right amount for it now you will claim it on next year's return.  Not as income but as a credit.  Like if you didn't get the 500 for a child you will get it on your 2020 return.

[VolvoGirl]

See answer 21 (and 20)

A21. Payments will be made throughout the rest of 2020. If you don’t receive a Payment this year, you can also claim it by filing a tax return for 2020 next year.

https://www.irs.gov/coronavirus/economic-impact-payment-information-center