Ask Terry Questions Stumulis chk which was received today

Stumulis chk which was received today

By Terry Savage on January 06, 2021 | Wild Card

Hi… my wife and I make more than $150,000 a year because of RMD’s so last stimulus in May or whenever it was we got 62% of the max which was of course prorated so I was expecting 62% of the mix today too and I only got exactly half that amount can you help? Thank you

Terry Says

If your income in 2020 was under $150,000 on a joint return (likely because there was no RMD) then you can file for a REFUNDABLE CREDIT on Line 30 of your 2020 tax return, when you file in a few weeks!

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