Ask Terry Questions Half of stimulus delivered to my chk. Acct.

Half of stimulus delivered to my chk. Acct.

By Terry Savage on January 06, 2021 | Wild Card

Hi Terry thank you for your wonderful report today as always. I got only half of the stimulus I was expecting today in my into my checking account I figured I got 62% of the first Stimulus back in May or whatever it was and I figured I’d get 62% of the max this time also for my wife and I in our joint account nothing is changed in my 2019 taxes so why didn’t I get 62% of the max this time? Thxxxx,

Terry Says

Did you file your 2019 tax return? Did you qualify with income under $150,000 on a joint return?
If not, will you report less than $150,000 in income when you file your 2020 return in a few weeks?

If that’s the case you can file for a REFUNDABLE TAX CREDIT on Line 30– to get the rest of the stimulus you deserve. The 2020 return will take priority, even if you were over the limit in 2019.

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