Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
As I understand it the stimulus checks will be based on the 2018 income tax filing if you have not yet filed the 2019 income tax. If you filed the 2019 taxes then they will use that tax return to figure your stimulus check. Also the date for filing and paying is now extended to July 15 (was April 15).
So it appears that if one has a much bigger income tax to pay for 2019 then 2018, they should file and pay it later after the stimulus checks are mailed out. This would be the case if your income for a couple shot above $150000 for 2019. Some people with special circumstances might fall into this category. An example would be having large capital gains in 2019.
Does this reasoning sound right?
So it appears that if one has a much bigger income tax to pay for 2019 then 2018, they should file and pay it later after the stimulus checks are mailed out. This would be the case if your income for a couple shot above $150000 for 2019. Some people with special circumstances might fall into this category. An example would be having large capital gains in 2019.
Does this reasoning sound right?