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Katmomma
New Member

My stimulus check is wrong. What now?

My stumilus check I received was not the right amount i didn't get the 500 a peace for my two kids

clhanse1
New Member

My stimulus check is wrong. What now?

She keeps it- the IRS says there is no penalty or expectation of repayment for being overpaid. 

https://www.businessinsider.com/personal-finance/stimulus-check-too-big-too-small-what-to-do-2020-3

clhanse1
New Member

My stimulus check is wrong. What now?

It's a huge bummer, but only dependents under age 16 qualified. My parents had one dependent child at home who was over 16 and did't get anything for her. 

Vied
Returning Member

My stimulus check is wrong. What now?

 Not all dependents are eligible for the $500. The dependent must be your child and not have turned 17 by December 31, 2019 

Alwts814
Returning Member

My stimulus check is wrong. What now?

Ours is wrong also. Filed jointly with one child (2 years old), made well below 150000. We should have got 2900, we got 1450. So 1200 for one adult and 250 for a child?? I’m so confused 

Anonymous
Not applicable

My stimulus check is wrong. What now?

no way to fix it.  the IRS went off the 2018 return if 2019 wasn't filed.  almost sure it didn't and won't check birth dates with the SSA.  (the TT entry of birth dates is not transmitted to the iRS)  as a matter of fact some articles advised people whose kids would be 18 in 2019 not to file until after they got the stimulus check.

 

here's such an article

 

First, it depends on your filing status: if you’re single, the payment is $1,200, but it doubles for a married couple filing jointly to $2,400. It also depends on your family size; you’ll get an additional $500 for every child under the age of 17. If you are claimed as a dependent on someone else’s tax return, you are not entitled to any payment at all.

For high-income taxpayers, it depends on just how high your income goes; a married couple will start to lose the payment once adjusted gross income (AGI) exceeds $150,000, and the same will occur for a single taxpayer once AGI exceeds $75,000.

Your payment also depends on whether or not you have filed your 2019 tax return.

According to the new law, the IRS is going to look first to your 2019 tax return to compute the payment. If no 2019 return has been filed, however, the IRS will grab your 2018 return instead. (If you receive Social Security and don’t need to file a return, the IRS will send you a payment based on your Form 1099-SSA).

An individual who has not yet prepared his or her 2019 return should take into account the relevant variables — adjusted gross income, marital status, number of children — and determine which year would yield the bigger payment. If it’s 2019, then you’d better hurry up and file; if it’s 2018, then delay filing 2019 return back until you receive your payment.

Example 1. In 2018, A and B are married but have no children. Adjusted gross income for the couple is $200,000. In 2019, however, A and B have a child, and B takes a leave from work. As a result, income has dropped to $120,000.

They would receive no stimulus payment based on their 2018 return because their income exceeds the phase-out limit. Based on their 2019 return, however, they are entitled to a payment of $2,900 ($2,400 + $500)   But they have to file 2019 before the check is issued.

Example 2. C can be claimed  as a dependent on his parents’  return for 2018. In 2019, he graduates college and gets a job, and is can no longer claimed as a dependent.

C’s is not entitled to any payment based on 2018 because he can be claimed as a dependent. He’s entitled to a stimulus payment of $1,200 based on 2019. Again a 2019 return must be filed before the refund is issued

Example 3. D,  Single hasn’t filed a 2018 or 2019 return because he had no income. He should file a 2019 return even with no income, in order to generate a $1,200 stimulus payment.

In other scenarios, it will behoove you to delay filing your 2019 return until AFTER you’ve received the stimulus payment, a task made easier once the IRS delayed the April 15th filing deadline to July 15, 2020.

Example 4. In 2018, A and B have a 16-year old daughter and income of $120,000. In 2019, they have the same income, and their daughter has turned 17.

Because their daughter has turned 17 in 2019 they should delay filing their 2019 return until they receive their payment.

The stimulus payment is intended to be an advance payment against an actual credit you will compute on your 2020 tax return. If your advance payment is LESS than what you’re owed when you compute your 2020 return, you’ll get the excess as a credit on that return. But if your advance credit is GREATER than what you’re actually owed come the filing of your 2020 return, there appears to be no mechanism to either 1) repay the excess payment, or 2) recognize the excess amount as income.

My stimulus check is wrong. What now?

We also received 2900 instead of 3400.  Our children are 11 and 3 we filed both 2018 and 2019 and meet the criteria. Not sure why we are missing 500.  If anyone knows who we can contact pls reply. Thanks!

Anonymous
Not applicable

My stimulus check is wrong. What now?

to ease your discomfort a little

The stimulus payment is intended to be an advance payment against an actual credit you will compute on your 2020 tax return. If your advance payment is LESS than what's computed when you file your 2020 return your refund will be increased or the amount owed will be reduced. But if your advance credit is GREATER than what's computed there appears to be no mechanism to either 1) repay the excess payment, or 2) recognize the excess amount as income.

Emills647
New Member

My stimulus check is wrong. What now?

Ours is also wrong 2 adults filed jointly 1 child. Less than 150k should be $2900 got $2083.60

My stimulus check is wrong. What now?

Same here I only got 1200 was supposes to get 2200 and mine went to an account from last year it didnt go to my tirbotax card that i used this year. What do we do??

My stimulus check is wrong. What now?

I only got 1200 was suppises to get 2200 for me and 2 kids age 6 and age 3. Nobodys ever claimed them but me please help what do i do? 

Phaline
New Member

My stimulus check is wrong. What now?

Same situation!  Married filed jointly and under the $150,000 with two kids and only got $2900 instead of $3400.  What to do???

My stimulus check is wrong. What now?

Me and my wife filed jointly with one kid.  Injured spouse form because she has past education debt.  I don't owe anything.  We only got 1450....our income was only $24,083 (well within the guidelines)  we should have received the full $2900.  We checked the get my payment tool first on her social (said payment scheduled for April 15th) then we checked mine (and said info doesnt match their records try back in 24 hours, 2 days in a row now)  i am the first one listed on our 2019 taxes!!!  Our direct deposit info is listed as our intuit turbo tax card...What happened to our money????  TURBO TAX PEOPLE, WHAT HAPPENED TO OUR MONEY!!!???

My stimulus check is wrong. What now?

Ours is wrong too.

My stimulus check is wrong. What now?

My income did not exceed any threshhold.  24,083 But me and wife and kid only got 1450😖.  No way to contact irs to tell tjem its the wrong amount.

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