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Mar 26, 2020
9:51
:33
am
HarlemCoug
Truly Addicted User
this doesn't make sense to me - for me it made much more sense to send the money to everyone and then use everyone's
2020 tax return. If you broke the income levels in 2020, then you'd have to pay the money back.
What matters to people today is how much you're making today...not how much you made in 2018.
This message has been modified
Originally posted on Mar 26, 2020 at 9:51:33am
Message modified by HarlemCoug on Mar 26, 2020 at 9:51:52am
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HarlemCoug
Previous username
Big12
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HarlemCoug
Joined
Sep 8, 2014
Last login
May 6, 2024
Total posts
32,303 (4,031 FO)
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Messages
Author
Time
Stimulus bill--I got a tidbit in an market update email. Apparently if you
BYUHawk
3/26/20 9:45am
Well, if it went above the 150K household or somewhere between 150 to 189.
The Old Y
3/26/20 9:47am
Or if you had a baby or got married etc in 2019.
rggee
3/26/20 9:48am
Right, only matters if you had a large increase from 2018 to 2019 and already
BYUHawk
3/26/20 9:50am
So will it use kids under 17 from then also or automatically age them forward?
BlooGeek
3/26/20 9:49am
This is my question too. Have one right on the cusp.
The Old Y
3/26/20 9:50am
It will use the dependents listed on your 2018/2019 return, I'm sure
rggee
3/26/20 9:52am
this doesn't make sense to me - for me it made much more sense to send the money to everyone and then use everyone's
HarlemCoug
3/26/20 9:51am
I was thinking similar thing, but hadn't thought through the details like you.
BYUHawk
3/26/20 9:54am
Apparently, it’s the reverse. If your 2020 income falls below the threshold,
al3124
3/26/20 9:54am
Oh, so it doesn't really matter as it will all get trued up based on 2020?
BYUHawk
3/26/20 10:00am
RE: Apparently, it’s the reverse. If your 2020 income falls below the
MitchRapp
3/26/20 10:01am
That sounds like a nightmare.
rggee
3/26/20 10:00am
Any money for kids? If so I had another last year so that’s a llus
Adwight
3/26/20 9:54am
$500 per child
rggee
3/26/20 10:03am
does it matter what parents' income is for this? or also limited to $199k?
byuwahoo
3/26/20 10:06am
Also limited but will be slightly higher than 198K. There is chart floating
rggee
3/26/20 10:59am
I have a son who is now an adult, but who I claimed as an independent on my 2018
BYUMizzou
3/26/20 10:12am
Received early-retirement offer and buyout in 2018 which put that year well
valcorger
3/26/20 10:11am
If you have filed for 2019 it will be that year used
rggee
3/26/20 11:00am
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