I.E.; will the use the 2018 tax returns? If so, those of us who were downsized and received a severance package and found another job, that while paying less annually, increased overall earnings for 2018, would have much higher skewed income for that year, than say 2019 income which ended up significantly lower than 2018 base salary.
Example: (not mine, but) individual grosses $71.000 in 2017, gets laid off with severance in early 2018, finds job immediately, realizing a combined severance/new income if $92000. In 2019, individual takes age 66, retirement, works part time and has combined income SSA/PT pay of $51000.
If they use 2018 tax return, that individual gets about $150 instead of $1200, they would get for either 2017 return or 2019 return which hasn’t been done.
Really asking for a friend this time.
Example: (not mine, but) individual grosses $71.000 in 2017, gets laid off with severance in early 2018, finds job immediately, realizing a combined severance/new income if $92000. In 2019, individual takes age 66, retirement, works part time and has combined income SSA/PT pay of $51000.
If they use 2018 tax return, that individual gets about $150 instead of $1200, they would get for either 2017 return or 2019 return which hasn’t been done.
Really asking for a friend this time.