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General Discussion

customerserviceguy

(25,183 posts)

7. A new refundable tax credit was created

Reply to Maraya1969 (Original post)

Sun Apr 5, 2020, 12:11 AM

Apr 2020

Rather than wait for filing season in 2021, the government is sending it to you now.

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11 replies

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Why does it say that your stimulus check is an advance of your 2020 tax refund? [View all] Maraya1969 Apr 2020 OP

That's incorrect. It's a tax credit. You don't Phoenix61 Apr 2020 #1

I didn't say you had to pay it back. But it says on the photo that your tax Maraya1969 Apr 2020 #3

What I read is that it's a tax credit and then Phoenix61 Apr 2020 #4

Not true. You do have to pay back all or a portion if you make $75K in 2020. Hoyt Apr 2020 #2

$1200 for ind making up to &75,000 Phoenix61 Apr 2020 #5

This ProfessorGAC Apr 2020 #11

I'll give this a try.. Princess Turandot Apr 2020 #6

A new refundable tax credit was created customerserviceguy Apr 2020 #7

Link to some info that might help. crickets Apr 2020 #8

I am extremely certain that is simply wrong. PoindexterOglethorpe Apr 2020 #9

Section 6428 of the cares act. It's free money, no need to pay it back Cicada Apr 2020 #10

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