Stimulus
Hi Terry, I received $1287 from this latest stimulus bill. That seems to be only half what I should get for my wife and me. Both other times, I received double, less a little because of our income. What gives? Am I correct? Please explain.
Thanx.
Terry Says
If you earned over $150,000 on your 2019 return, the adjustment was very severe this year. It phases out completely at $160,000.
They probably used your 2019 return to figure this amount. If you earned less in 2020, then you can file for the difference next year when you file your 2021 return.