Stimulus Money Not Correct
The simplest reason the irs might not be able to match you with your stimulus payment status could come down to your keyboard.
Stimulus money not correct. If my stimulus check is too big do i need to pay back the government. Your stimulus check is reduced by 5 of the amount over the phase out floor. This is the case if say your income goes up this year and you cross the 75 000 threshold on your 2020 taxes.
Most people shouldn t be in panic mode as the second stimulus money only began rolling out last week. If you were eligible for one or both coronavirus stimulus payments but didn t receive your money you have to file a tax return to request it from the irs. If you are a single filer no children and earn 80 000 your check is reduced by 5 of 5 000 250.
But if you closed a. Generally winchester says most discrepancies work out in the taxpayer s favor. If you accidentally entered a typo the wrong address or a different.
We ve got time to see that cash especially if it s arriving via the mail.