Reasons the IRS may ask to return your stimulus check?

Reasons the IRS may ask to return your stimulus check?

The Internal Revenue Service sometimes makes blunders regarding your stimulus checks and refund money.

Since the pandemic, the IRS has processed tax returns in more time than anticipated. Sometimes, taxpayers receive more money on their stimulus due to wrong calculations.

Why is the IRS asking me to return my stimulus check?

The IRS has several reasons to ask you to return a check:

You received a review destined for someone who died

The pandemic increased the mortal rate among people around the world and in the United States. Thousands still die every week.

It takes time for the IRS to collect several taxpayers’ data. If your husband or wife dies, and the IRS sends a check you ordered, you should give it back.

High income

The vast majority of stimulus checks target middle and lower-class people. If you have an income larger than $99,000 and got a stimulus check, you probably would be disqualified because the income limit was $87,000.

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The IRS will ask you to get back the money.

Are you a foreigner or have a non-resident status

The federal government doesn’t give any stimulus to people who live in the United States without a non-resident group. You can’t get a stimulus check if you are a foreigner and can’t apply for federal aid.

If you received two checks in one round

The IRS might give more than one stimulus check to taxpayers in one round. There’s just one check per round.

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About William Johnson 343 Articles
Demystifying the world of finance is my mission. As a finance news writer with 7 years of experience, I've covered everything from breaking market news to in-depth analysis of industry trends. I'm here to keep you informed and empowered in your financial journey.