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Another Stimulus Question -Qualified Income

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    #1

    Another Stimulus Question -Qualified Income

    Client has $12000 in Social security incme. Is this qualified income?
    If this is qualified income how much will he recieve?


    brian
    Everybody should pay his income tax with a smile. I tried it, but they wanted cash
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    #2
    Qualifying income

    Yes, social security benefits are qualifying income for the stimulus rebate. Also, earned income (including combat pay), veterans' and survivors' benefits, and railroad retirement benefits are also qualifying income. If your client has no other income, their rebate will be $600 if married joint, $300 for all other filing statuses.

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