• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

Q&A: 2020 taxes bring another stimulus shot

September 8, 2020 By Liz Weston

Dear Liz: My 2019 tax return was electronically submitted May 11 and my income was low enough to qualify for a stimulus payment. I got my refund at the end of July but was told I wouldn’t get a stimulus check because my 2018 income was too high. The IRS agent on the phone said I could request the money when I filed my 2020 taxes. But isn’t that past the deadline? The agent sounded like he was just trying to get me off the phone.

Answer: He probably was, but he gave you the correct information. The IRS used the tax returns it had on hand this spring when it started sending out stimulus payments. Since your 2019 return hadn’t been filed, it used your 2018 income to determine how much, if anything, to send you.

People who didn’t get checks or got too little aren’t out of luck. The stimulus checks were an advance payment of a credit that will be added to people’s 2020 tax returns. If you should have received a check but didn’t, you’ll get the full credit added to your refund next year.

Related Posts

  • How filing taxes could generate your coronavirus stimulus check

    Dear Liz: My adjusted gross income in 2019 was too high for me to get…

  • Q&A: Still no coronavirus stimulus check? You’re not alone

    Dear Liz: Both my wife and I are on Social Security retirement benefits. We were…

  • Q&A: Those IRS coronavirus-extended deadlines apply to more than just taxes

    Dear Liz: Now that we’re not required to file our taxes until July 15 this…

  • Q&A: Coronavirus stimulus checks, tax refunds and the IRS’ backlog hell

    Dear Liz: I’m a CPA. I sent out your recent column about IRS backlogs to…

Filed Under: Coronavirus, Q&A, Taxes Tagged With: Coronavirus, q&a, stimulus check, tax refunds

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in