RE: Apparently, it’s the reverse. If your 2020 income falls below the

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Mar 26, 2020
10:01:44am

MitchRapp Walk-on

RE: Apparently, it’s the reverse. If your 2020 income falls below the

That is how I understand it. They use 2018 or 2019 for the initial payment. Then based on your 2020 return you can receive more if based on your 2020 income you should have qualified for more. If based on your 2020 income you should have received less, you probably wont have to pay it back.

Report problem with this ad

MitchRapp

Previous username: GreasedUpDeafGuy
Bio page: MitchRapp
Joined: Jan 6, 2007
Last login: May 5, 2024
Total posts: 67 (0 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad