stimulus check
Hi:
I wonder if I may pose the following question to you:
This past summer my wife and I both received the 3rd stimulus check of $1400 each. As we approach the end of the calendar year, it appears our 2021 AGI will be about $165,000. Does that render us ineligible for the $2800, or was the 3rd check SOLELY predicated on our 2019 or 2020 AGI’s which were less than 150k?
If the 2021 check IS based on 2021 income, I assume I would return the $2800 when I file 2021 taxes as an adjustment in the tax return.
Terry Says
Don’t worry about returning that check. It was a gift from the government (we, the taxpayers, or the inflation burdeners)) based on your 2020 income. You will not be asked to return it.
