Stimulus Check Amount Wrong

The government stimulus payments are tax free and will not count as income on your 2020 returns.

Stimulus check amount wrong. The program was taken offline for several days before it could offer information about the second coronavirus stimulus check. Calculate the proper amount. The economic impact payments eip.

Eligible americans will automatically receive an economic impact payment of up to 600 for individuals or 1 200 for married couples and up to 600 for each qualifying child. Some stimulus checks did not come in the expected amount. If yours is one of them here s what you need to know.

If you suspect that your payment is wrong the first thing you should do is figure out what your stimulus check amount should be. If you are a single filer no children and earn 80 000 your check is reduced by 5 of 5 000 250. Published fri apr 24 2020 11 37 am edt.

Can my stimulus check be wrong. The check is technically an advance payment of a refundable credit on your 2020 tax return which you won t have to file until april 15 2021. Maybe you got the right amount after all.

However if you feel your payment was for the wrong amount rigney recommends keeping any paper. But since this is an urgent situation the government is using the information it already has to determine the amount you get now. Your stimulus check is reduced by 5 of the amount over the phase out floor.