OP received a stimulus payment in 2019. They made enough more money in
2020 that they wouldn't qualify if there is another stimulus payment.
He's asked if (in case there might be another payment) he should file
an extension for 2020 in hope that they will use his 2019 income to
determine the amount of a stimulus payment he might received.
Any thoughts? I haven't looked into this so don't know how it works.
Thanks.
On 5/10/21 9:59 AM, Stuart O. Bronstein wrote:
OP received a stimulus payment in 2019. They made enough moreEIP #3 ($1400 max) is an advance payment for the refundable 2021
money in 2020 that they wouldn't qualify if there is another
stimulus payment. He's asked if (in case there might be another
payment) he should file an extension for 2020 in hope that they
will use his 2019 income to determine the amount of a stimulus
payment he might received.
Any thoughts? I haven't looked into this so don't know how it
works.
Thanks.
Recovery Rebate Credit. If the IRS has your 2020 tax return, the
payment will be based on that return. If they do not have the
2020 tax return, they will use the 2019 tax return. You can do
the math.
OP received a stimulus payment in 2019.
They made enough more money in
2020 that they wouldn't qualify if there is another stimulus payment.
He's asked if (in case there might be another payment) he should file
an extension for 2020 in hope that they will use his 2019 income to
determine the amount of a stimulus payment he might received.
Any thoughts? I haven't looked into this so don't know how it works.
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