Unable to get stimulus check?

Question

my tax preparer told me I couldn't get a stimulus check because of a negative AGI that i had. Could someone please

explain wat the h**l that is? Is this true or have I been duped?

Answer 1

It sounds like you didn't have enough income to be eligible.  You needed income from a job, or net income from self employment, or social security, railroad retirement or some types of VA benefits of $3000 or more to be eligible.

Answer 2

It means you didn't earn enough money to qualify for the rebate. If your adjusted gross income was negative (meaning your income was low, and/or you got a lot of tax credits) then you wouldn't have had any tax obligation. No tax obligation means no stimulus rebate. Sorry.

Answer 3

To receive a stimulus payment you must have at least $3,000 of income from wages, net self employment, Social Security or certain Veteran benefits.  If you had $2,999 in wages and ten million in interest income you don't get a stimulus rebate.  Why?  Because that is the way Congress set up the stimulus program.

Answer 4

How did you get negative income, a loss from self-employment?