Will the IRS rescind stimulus payments to people w...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
ron_mediatore
New Member

Will the IRS rescind stimulus payments to people who qualified based on their 2019 AGI once they file their 2020 return with an AGI over $75,000?

Are we punishing promptness?
3 Replies
LenaH
Employee Tax Expert

Will the IRS rescind stimulus payments to people who qualified based on their 2019 AGI once they file their 2020 return with an AGI over $75,000?

No. Per the IRS, you won't be required to repay any stimulus payment amount when filing your 2020 tax return. 

ron_mediatore
New Member

Will the IRS rescind stimulus payments to people who qualified based on their 2019 AGI once they file their 2020 return with an AGI over $75,000?

Thanks for your prompt reply! So basically, and I hate to put it like this, but prompt people with a high AGI in 2020 get NO stimulus check. Lazy people with a high AGI in 2020 do.

 

fanfare
Level 15

Will the IRS rescind stimulus payments to people who qualified based on their 2019 AGI once they file their 2020 return with an AGI over $75,000?

It's not a question of laziness.

It's a question of lying low and being patient.

Dynamic AdsDynamic Ads
v
Privacy Settings