ilmscore | Prediction Details
"and no the stimulus check money is not in advance of your 2020 tax refund... no it's not this is this is how it works Let's say that every year you get a two thousand dollar refund you've got a two thousand dollar refund last year you got two thousand I refund this year and next year on your 2020 tax return that you're gonna complete in 2021 you're expecting a two thousand dollar tax return the tax refund on your tax return again if that's the case the $1,200 stimulus check that you're gonna receive it's not gonna reduce your $2,000 refund to eight hundred dollars so it's not like it's stealing from there it's not like it's reducing or chipping away at that refund instead it's more like you would get the $2,000 refund that you normally are accustomed to getting and on top you get an additional $1,200 and that additional $1,200 amounts is being advanced to you right now as your stimulus check so then when you go to file your 2020 tax return you would get the normal $2,000 refund that you're expecting"
By ClearValue Tax | April 6, 2020 | Pending
From video
Stimulus Check Frequently Asked Questions 00:02:43 - 00:04:09
Interpreted Prediction
The $1,200 stimulus check is not an advance on the 2020 tax refund. Individuals will receive their expected 2020 tax refund (e.g., $2,000) in addition to the stimulus payment they already received.

Prediction Details

Topic
Stimulus Check and 2020 Tax Refund

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