can someone explain “plus up” payments

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  • This topic has 2 replies, 1 voice, and was last updated 4 years ago by LolaR.
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  • April 5, 2021 at 7:43 pm #4481839
    Christina

      I’m so confused on to what this plus up payment is. I already received my 1400 stimulus, so can I receive more since my tax return for 2020 is significantly less then 2019??? Please someone help! I could really use more money right now. Bills are piling up!

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      • April 6, 2021 at 12:35 am #4481916
        LolaR

          Another scenario, say in 2019 you made too much money to qualify for the full second stimulus, your 2020 TR is not processed but you made way less allowing you the full $1,400 but it’s still based on 2019… the plus up will give you the full EIP3 once your 2020 TR is fully processed.

        • April 6, 2021 at 12:32 am #4481915
          LolaR

            Ok, say in 2020 you had a kid, or got married and claimed your step children; you file your 2020 tax return but it hasn’t been processed yet so they base your stimulus off of your 2019 tax return. On your 2019 TR, you only claim yourself, The plus up payment will give you the additional $1,400 per person based on your 2020 tax return once it’s processed fully. Does that make sense?

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