Stimulus Check Round 2 2018 Or 2019 Taxes

While many rules remain the same with the second stimulus check some people won t be eligible.

Stimulus check round 2 2018 or 2019 taxes. While your second stimulus check will be similar to your first payment there are some important differences. And this group will qualify again. Although the eip payments were calculated based on 2019 taxes or 2018 2019 taxes for eip 1 they are really considered a credit on the 2020 taxes.

Therefore before you file your 2020 taxes you can calculate how much eip 1 1200 500 and eip 2 600 600 you are eligible for based on your. If your first stimulus check was based on your 2018 return because you hadn t filed 2019 taxes yet you could receive more or less money depending on your adjusted gross income for 2019. Say you re a single taxpayer who earned 75 000 in 2018 and you waited until july 15 to file your 2019 taxes.

People who weren t required to file a federal income tax return in 2018 or 2019 may still be eligible to receive the first stimulus check under the cares act. A second round of stimulus check money is on the way but you still have questions. Angela lang cnet the irs has until friday jan.

And this group will qualify. 15 to deliver your second stimulus check of up to 600 by. This is called the recovery rebate credit.

And your adjusted gross income or agi on your 2019 tax return is between 75 000 and 95 000. If you didn t file federal taxes in 2019 you can find your agi on your 2018 federal tax return. The second stimulus checks will base on your 2019 taxes so that they can go out quickly but will later be adjusted and ultimately based on your 2020 tax returns.

On the 2018 1040 federal tax form it s on line 7.