Ask Terry Questions Stimulus if now have lower income

Stimulus if now have lower income

By Terry Savage on April 24, 2020 | Wild Card

I retired April 3 but I did file 2019 taxes already. Since not working anymore and my pension being less the $99K is there a provision to apply for stimulus check?

Terry Says

I’m assuming that your 2019 adjusted gross income was above $99,000 where the stimulus phases out completely, It’s tough for people who lose jobs in 2020 or retire, and know they will have lower income. BUT, they do not qualify for the stimulus, which is based on 2019 or 2018 income.

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