Snails - Response on Threads Part 8

AttyPops

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Jul 8, 2010
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;)

morning, sunshine! :D
Show me where is says that if your AGI after you get around to filing 2019...is over the limits, or changes your stimulus value, that they won't ask for it back.

I get that it's a smart move to get the money in hand. They MAY just write it off if it changes in 2019. So smart to grab the cash. But this IS the IRS, after all. And I still haven't found Congress's wording on the legislation.
 

tiburonfirst

They call me 'Tibs"
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lol, atty - it was all over the news ;) but here it is from the tax foundation:

upload_2020-4-30_7-39-33.png


FAQ: Federal Coronavirus Relief Law

thanks to mnuchin there is one area where the irs might change course - reclaiming the stimulus check sent to dead people ;)
 
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tiburonfirst

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OK THAT I hadn't seen! Good news.
Yeah, wait to file then, if it's higher in 2019. But your quote here includes 2020 so that's a bit different. I was comparing 2018's data and 2019's data ONLY.
apparently, 2020 returns will be the ones were you can claw back money if you have been underpaid ;)
 
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Flowersoul

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Mar 20, 2009
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Good afternoon, Snails!

We're doing well here, thank God!

A rainy day, but keeping busy! Lots of online communication via webinars, meetings, etc.....My one daughter lives in Maryland, and I think I see her more often now with video chatting! :)
 

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