Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Question for Someone with Tax Experience
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Sara PA" data-source="post: 154562" data-attributes="member: 1498"><p>From the irs.gov, the FAQ on the stimulus checks:</p><p></p><p><em>Your payment may be less than the maximum for one or more of the following reasons:</em></p><p><em></em></p><p><em>You are single and your net income tax liability is less than $600. If you file</em></p><p><em>Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52.</em></p><p><em></em></p><p><em>You are married and your net income tax liability is less than $1,200.</em></p><p><em></em></p><p><em>You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37.</em></p><p><em></em></p><p><em>You are married filing a joint return and your AGI is more than $150,000.</em></p><p><em></em></p><p><em>You owe back taxes that reduced your payment.</em></p><p><em></em></p><p><em>You have non-tax federal debts such as unpaid student loans or child-support obligations that reduced your payment.</em></p><p><em></em></p><p><em>Around the time you receive your payment, you will also receive a notice from the IRS explaining how your payment was calculated. It is important to keep this notice as a record of your economic stimulus payment. In addition, you'll get a separate notice if you owe back taxes or non-tax debts that were offset or deducted from your stimulus payment.</em></p></blockquote><p></p>
[QUOTE="Sara PA, post: 154562, member: 1498"] From the irs.gov, the FAQ on the stimulus checks: [I]Your payment may be less than the maximum for one or more of the following reasons: You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52. You are married and your net income tax liability is less than $1,200. You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37. You are married filing a joint return and your AGI is more than $150,000. You owe back taxes that reduced your payment. You have non-tax federal debts such as unpaid student loans or child-support obligations that reduced your payment. Around the time you receive your payment, you will also receive a notice from the IRS explaining how your payment was calculated. It is important to keep this notice as a record of your economic stimulus payment. In addition, you'll get a separate notice if you owe back taxes or non-tax debts that were offset or deducted from your stimulus payment.[/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Question for Someone with Tax Experience
Top