ilmscore | Prediction Details
"if you get the stimulus check or the stimulus check money when you should not have because you're disqualified you're gonna end up paying it back... The stimulus check whether you qualify or not is based on your 2019 tax return data. Let's say for 2019 you made too much money and you are disqualified however you did not file your 2019 tax return so the IRS they don't see that you're disqualified because you haven't filed your tax return so they're gonna look at your 2018 tax return and they're gonna say based off your income from 2018 if it's lower then they're gonna say okay you qualify they're gonna cut you a check you're gonna get the stimulus check money when you go do your 2019 tax return and you file it the IRS is gonna know that oh woops we gave this person the stimulus check money based off to 2018 data but based off to 2019 data they don't qualify they're disqualified If that's the case in other words if you get the stimulus check money when you are disqualified then you should have never received it then you will be paying that back which is unfortunate on your 2020 tax return that you're gonna file a year from now on in 2021"
By ClearValue Tax | April 6, 2020 | Pending
From video
Stimulus Check Frequently Asked Questions 00:04:55 - 00:06:17
Interpreted Prediction
Individuals who receive stimulus checks they were disqualified for based on their 2019 income (but received it based on 2018 income due to not filing 2019 taxes) will have to repay that amount on their 2020 tax return filed in 2021.

Prediction Details

Topic
Repayment of Disqualified Stimulus Checks

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