Real Answers for Life’s Money Challenges
My daughter was single when she filed her 2018 tax return.
In 2019, she had a child and also was married in August 2019.
Their accountant e-filed their joint 2019 tax return on March 28, 2020.
They both received stimulus checks based on their 2018 statuses, it appears.
My daughter received $366.60 on April 15, and her husband received $1,200 on May 6.
Any advice on this issue?
It may seem that way.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Your daughter and her family could get more stimulus money but it will depend on their 2020 return.
Thats because the payments were actually an advance on a 2020 tax credit.
And if their 2020 income is higher than it was in 2018?
Did you know?
You get to keep the money if it shows you were technically paid more than you should have been.
And best of all, youwont owe taxeson any of it.
Robin Hartill is a certified financial planner and a senior editor at The Penny Hoarder.
Send your tricky money questions to[email protected].
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?