How to Know If the IRS Will Use Your 2019 or 2020 Tax Returns to Calculate the Payment
The overlapping issue caused by the timing of the third stimulus check may make you wonder whether the IRS will use your 2019 or 2020 tax returns to calculate payment. In some cases, they may use even earlier tax returns. The rule of thumb is that they will use whatever they have on hand.
You could calculate the fact that you are eligible for the full $1,400 based on your 2020 taxes. But if your total turns out to be lower, it could be that the IRS based it on your 2019 taxes instead. In that case, you will need to claim the difference. You could do so when you file in 2022, but there is a possibility to do so even sooner.
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Are Real Estate Sales agents, with incomes well below $ 75,000. For many years, entitled to receive the $1,400. Stimulus check. This time?