Get a Calculation on How Much You’ll Get from the $1,200 Coronavirus Stimulus Checks

YakSpiller

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:dead: That Genghis Kahn stimulus.
 

CodeBlaMeVi

I love not to know so I can know more...
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Not true.

"It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. That’s expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021."
I was joking.
 

SmallWars

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I get 1200, but I think I'll have to pay some back, if I understand correctly.
 
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Hawaiian Punch

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As the bill is written right now, checks that will be sent now are actually just advanced payments of a new refundable tax credit for the 2020 tax year.

If you do not get a stimulus payment in 2020, you can claim it next year as a refund or reduction of the tax you owe if you file a 2020 tax return by April 15, 2021.



Just remember this ain’t really free money, just sort of an advance of what you woulda got next year.
 
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