Case Study #4: Social Security recipient - Spidell

Case Study #4: Social Security recipient

Luka is 72 years old and single. She receives Social Security and income of over $100,000. She has not filed her 2018 or 2019 tax returns. However, because she receives Social Security, she will receive a $1,200 payment.

Unanswered question: At this point, the IRS may not require a refund of overpaid economic impact payments, but will this law be changed?

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