I'm getting bombarded with clients wanting to know if the stimulus check will be deducted from 2020 tax return thus affecting their results next year? I can't seem to find that answer yet. Does anyone know yet?
Thanks
they would get a $1000 refund but they got a $1200 stimulus check in a couple weeks, would they then owe $200 Federal taxes or will this stimulus check have no effect on their 2020 tax return?
novacpa wrote:I've got several hedge-fund managers and lobbyists - who ask "where's my stimulus refund" well gee-now there is threshold for the phase-out. Maybe your maid and couffer will qualify.
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