Talk of The Villages Florida - View Single Post - Why are us retires getting a check?
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Old 03-31-2020, 07:57 AM
ChicagoNative ChicagoNative is offline
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The latest info is that the stimulus is based on 2018 filing. If you’ve already filed 2019, they will use those those more current figures.

Ours is a situation that I’ve not seen discussed so far: We sold our longtime northern home in 2019 and downsized to a small condo. We made a profit which artificially inflated our 2019 income and resulted in a huge tax amount due. We already filed and paid, so we will not qualify. $2400 isn’t going to make or break us, but it would’ve been nice to have, because we certainly don’t make what our 2019 return shows.

At this point, we’re thankful for our health and praying for the whole world.