ST Alpha - "Stupid question about the stimulus check. Just for clarification." (Reading a Post)

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Stupid question about the stimulus check. Just for clarification.

Posted by sycor Apr 15 '20, 06:41

So if I normally get back $1,200 on my fed taxes, for 2020 I won't get anything back because of this check right? Sorry, I'm dumb when it comes to this stuff.

Responses:

Thanks for the info guys. -- nm - sycor Apr 15, 06:57
I worked at a CPA firm and no one in my tax group can tell me for sure. they keep rewriting the rules for certain parts of the stimulus, so my take - tRuMaN Apr 15, 06:54
The credit reduces your overall tax liability. The advance payment won’t impact what you would otherwise get as a refund. -- (edited) - znufrii Apr 15, 06:46
It's not an advance on your refund -- (link) - oblique Apr 15, 06:44 5
- btw, this article also explicitly says what we were saying on B2. Your 2019 filing (if not already filed) won't affect the check or cause you to have - oblique Apr 15, 06:48
- It's very confusing. -- nm - JaxSean Apr 15, 06:48
- So, free money? cool. -- nm - sycor Apr 15, 06:46 2
  - I mean we’re borrowing it so thank your grandkids for it. -- nm - spamlet Apr 15, 07:03
  - Yes, free money. -- nm - Krusty Apr 15, 06:49

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Stupid question about the stimulus check. Just for clarification.

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