Stimulus Check Was Not Correct Amount
Some stimulus checks did not come in the expected amount.
Stimulus check was not correct amount. Some people have received checks that may not be for the correct amount for example. Your stimulus check is reduced by 5 of the amount over the phase out floor. If you are a single filer no children and earn 80 000 your check is reduced by 5 of 5 000 250.
A stimulus payment was deposited into your bank account but it doesn t seem like the right amount. If yours is one of them here s what you need to know. Can my stimulus check be wrong.
But as many taxpayers are rejoicing others are fretting over the exact amount they received from the irs. However if you feel your payment was for the wrong amount rigney recommends keeping any paper. Check amounts are based on a variety of factors including income number of eligible children and tax filing.
Who do you call. The government stimulus payments are tax free and will not count as income on your 2020 returns. A stimulus payment was deposited into your bank account but it doesn t seem.