2196832
While eligible (with 2019 AGI at $70K), I did not get any stimulus checks because my SSN did not allow employment even though I have been a USA citizen for more than 20 years.
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The RS will not go backwards now and use your 2019 AGI. They sent out those first checks in a hurry so they used returns from 2018 or 2019. But the stimulus checks were an advance for a credit you get on your 2020 tax return. If you got the checks last year and your 2020 AGI is too high, you do not have to pay it back. But the 2020 AGI controls whether you get the credit on your 2020 return. It sounds like your 2020 AGI is much higher than 2019.
So----your 2020 AGI is what controls it. You might get a phased out lower amount or nothing. Sorry but the criteria to get it per the IRS is:
A1. Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200 ($2,400 for a joint return) if you (and your spouse if filing a joint return) are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:
You are not eligible for a payment if any of the following apply to you:
This answer sounds very reasonable, even though not what we hope for. 🙂
Do you know where we can look this IRS document (or rules) up?
Very much appreciated.
https://www.irs.gov/newsroom/recovery-rebate-credit-topic-b-eligibility
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