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Old 03-25-2020, 04:13 PM
Folacin is offline
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Join Date: Oct 2008
Location: North of the River
Posts: 3,967
Quote:
Originally Posted by RivkahChaya View Post
I wonder what's going to happen to us?

In a normal year, which includes 2017 & 2019, we earn less than $60,000 combined. However, in 2018, I inherited money from my mother that put us well, well over $99,000. That's where a lot of what's in the bank is from, although we do manage to save, and living in a cheap part of the country helps.

If the inheritance counts as "income," then 2018 will count against us getting the money. However, if they really are going to look at BOTH years, we should be OK. Or if they are going to look at earned income, and not inherited income, we should also be OK.

I'd like to ask someone these questions, but I don't know who.
I think you can look at your 2018 taxes for your AGI (the last line on the first page) - I presume (based on nothing) that that is the value that determines your check. I don't believe that an inheritance feeds down to that line.