Ask Terry Questions Federal Stimulus Check

Federal Stimulus Check

By Terry Savage on November 12, 2020 | Wild Card

Hi Terry. I enjoy listening to you on WGN’s John Williams show.
I was working in 2018, lost my job early in 2019, but received a severance package so my income for both 2018 and 2019 were above the income limit to qualify for the stimulus.
Now in 2020 my income has been limited to unemployment and a social security survivor benefit, both of which have kept my income below the qualified limit. Do you know if the federal government may be looking back and possibly paying the stimulus retroactively to someone in my situation?

Terry Says

You can claim the stimulus as a credit when you file your 2020 return in April.

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