Why some taxpayers will not receive their full anticipated stimulus payments? Taxpayers should be aware that they may receive a much smaller economic stimulus payments than they anticipated. This is because by law, "the stimulus payments are required to satisfy the following past debts as follows:
1. past-due taxes,
2. student loans,
3. child support,
4. and certain other debts.
Thus, if you fall into any of these categories and have a past due obligation, the stimulus payments will be automatically adjusted to first satisfy these outstanding debts. |