Ask Terry Questions Do I need to File an amended 2020 return to receive full $1400 stimulus?

Do I need to File an amended 2020 return to receive full $1400 stimulus?

By Terry Savage on April 02, 2021 |

I filed my 2020 Federal Tax Return by mail in early February. In mid March I received a stimulus
payment in my checking account in an amount based on my 2019 return. My 2020 income was
less than 2019 and was eligible for the full $1400 (I received only $95.80). Do I need to file an
amended 2020 return, or can the balance of the stimulus be used as a credit against
my 2021 taxes? Thank you.

Terry Says

No, if you already filed your 2020 return they are going to do another pass later in the year and find situations like yours and automatically send you the difference. Do not file an amended return! And if the check never comes, you can claim it as a credit on your 2021 return next year!

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