Ask Terry Questions Covid19 stimulus package Income limits

Covid19 stimulus package Income limits

By Terry Savage on March 31, 2020 | Wild Card

If my stimulus payment gets paid based on my 2018 income will it be recalculated once I file my 2019 return. Would I have to repay some of the money if the 2019 return results in a lower payout calculation?

Terry Says

No, as long as you are under the limits there is no recalculation for 2019. If however your 2019 is over the limit, then you could receive a lower refund next yeaer.

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