Stimulus Checks

Forum|Forum|5 years ago
March 3, 2021
7 replies
24 views

Client made $177,000 in 2019 made $157,000 in 2020. Is he entitled to the extra funds being calculated?

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

If hes married, looks like he qualifies for some more of the RRC. You input what he already got as an advance, right?

If hes single, he made too much money.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

PATAX

Level 12

Did you complete the worksheet for this? Did you enter all of the other data correctly on the return in the correct locations?

F

Foxy-LadyAuthor

Level 4

This is a married couple. Yes I filled in the 2020 income according to the form. But in 2019 they made $20,000 more. They got a partial first check and none for the second. According to our program they are entitled to a credit of $1789. Is it valid?

PATAX

Level 12

So far all of the returns that I have completed, this calculation has been performed correctly for my clients returns....

dkh

Level 15

If it is a MFJ return without children Based on the $177000 would've received ~~$2250ish~~ $1050 ($1050+$0) Based on the $157,000 qualifies for $~~3250~~ish $2900 ($2050+$850)

Edited to correct my math - geez I need a nap

IRonMaN

Level 15

"Is he entitled to the extra funds being calculated?"

Yes ---------------- as long as you have the correct amounts loaded in for what they received for the year.

Slava Ukraini!

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