13425777, RE: What's the plan for the $1400?
Posted by Vex_id, Wed Mar-03-21 02:11 PM
>I have some questions. Are they still going off 2019 income?
>Is it only for adults or is there a payment for kids too? Any
>changes being made to who qualifies for unemployment?
If you haven't filed your 2020 tax return - they go off your 2019 income. This becomes strategic for filers who have had changes in their income. For example: if your income was below the income threshold in 2019 (but you had an increase in income in 2020 above the threshold) - you should wait to file your taxes (and even apply for an extension) so that your 2019 income will be used to qualify you for the stimulus check. Conversely, if your income decreased in 2020 and is below the threshold (but your income was above threshold in 2019) - you should file your 2020 taxes ASAP so that you can qualify for the stimulus.
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