My Stimulus Payment Was The Wrong Amount
With phone systems overloaded and no response to email inquiries it can seem like there s nowhere to turn.
My stimulus payment was the wrong amount. In one case the extra 500 for a dependent child was not included. The question is when. Cnbc make it has also received messages from several people who believe they received the wrong payment amount.
Your stimulus check is reduced by 5 of the amount over the phase out floor. Eligible americans will automatically receive an economic impact payment of up to 600 for individuals or 1 200 for married couples and up to 600 for each qualifying child. The letter will explain the.
If you think your stimulus check payment is wrong and is too low you will have to wait until next year s tax season 1 january 15 april 2021 to put forward your claim when you file your tax. However rest assured that you will receive the rest. If you haven t claimed the dependent yet you won t get the extra 500 in your stimulus payment but the tax foundation says you can claim a 500 credit for the child on your 2020 taxes.
If your stimulus payment was the wrong amount what should you do. Taxpayers are reporting errors on their stimulus payments across the country. If you are a single filer no children and earn 80 000 your check is reduced by 5 of 5 000 250.
Or say your income goes down this year.