Drudge Retort: The Other Side of the News
Thursday, March 26, 2020

When You File Your 2019 Tax Return Will Impact Your Stimulus Payment Easy enough...but lost among the other aspects of the calculation is that your payment also depends on whether or not you have filed your 2019 tax return, and that is a factor that you may still control.

According to the new law, the IRS is going to look first to your 2019 tax return to compute the payment. If no 2019 return has been filed, however, the IRS will grab your 2018 return instead.

(If you receive Social Security and don't need to file a return, the IRS will send you a payment based on your Form 1099-SSA).




Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

"This, of course, presents opportunity. An individual who has not yet prepared his or her 2019 return should take into account the relevant variables " adjusted gross income, marital status, number of children " and determine which year would yield the bigger payment. If it's 2019, then you'd better hurry up and file; if it's 2018, then hold that 2019 return back until you receive your payment.

Example 1." see link at Forbes

(you can Pause your Adblocker and refresh to view page)

#1 | Posted by Corky at 2020-03-26 02:02 PM | Reply

I already filed, and I made a lot more money in 2018 than in 2019 so I'm good, but thanks for the tip!

When the checks come we should start a thread:
"People who don't need the handout to get by, what did you do with your handout?"

There should be another thread:
"People who desperately needed the handout, how long will $1200 keep you afloat?"

#2 | Posted by snoofy at 2020-03-26 02:22 PM | Reply


---------- Stikes Again!

A) Noting the facts does indicate approving the facts... which should be apparent to even fragile minds

B) The Clintons and Obamas are, comparatively speaking, maybe one rich, not three, no caps.

C) Reactionaries are really boring.

#4 | Posted by Corky at 2020-03-26 02:45 PM | Reply

We shouldn't dignify Sheeple's posts by responding. He isn't even worth a plonk.

#5 | Posted by danni at 2020-03-26 02:52 PM | Reply | Newsworthy 1

"Stikes".... a portmanteau of Strikes and Stinks

#6 | Posted by Corky at 2020-03-26 02:54 PM | Reply

Since the Emergency checks are ultimately going to be paid with taxes from the Americans who will receive them, why are they 'handouts'?

The funds Corps, who pay no US taxes, will get are for sure 'Handouts' though.

And what did they do with all the money from GOP's windfall tax transfers from the tax payers to the Corps?? They bought their own stocks so Executives would get richer.

#8 | Posted by oldwhiskeysour at 2020-03-26 03:16 PM | Reply

#7 |

Madam Sheepish, Psychic Extraordinaire... Readings only Fiddy Cents!

#9 | Posted by Corky at 2020-03-26 03:21 PM | Reply

This answers the question I had on this earlier.

Keep in mind......this is an advance....meaning it'll show up later and you'll have to pay.

#11 | Posted by eberly at 2020-03-26 03:38 PM | Reply

lmao... not only didn't he understand the thread headline, he also couldn't understand #4.

It's like giving a real sheep an internet connection... not to belittle real sheep.

#12 | Posted by Corky at 2020-03-26 03:41 PM | Reply

I just discovered my 2019 return has already been e-filed by my accountant....so I'm guessing they'll look at my 2019 return.

which is better for me.

#13 | Posted by eberly at 2020-03-26 03:41 PM | Reply

"This is not taxable income"


#14 | Posted by Corky at 2020-03-26 03:43 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort