Nathan Goldman, assistant professor of accounting, and Christina Lewellen, assistant professor of accounting, break down how the stimulus checks of 2020 will affect how individuals will file their taxes.
“Officially, the stimulus payments are based on the taxpayer’s 2020 adjusted gross income,” said Goldman and Lewellen. “However, if the taxpayer has yet to file their 2020 income taxes, then the payment will be based on adjusted gross income 2019 income taxes.”
