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Marie

stimulus check for wife and deceased husband

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Husband died in september of 2019.  wife received $2400 just in her name.  I think she should be able to keep, but I've been reading that deceased checks are required to be sent back.  What should we do?

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The FAQs say return $1,200. The CARES Act says keep it. I'm telling clients to wait for potential clarification; hold it; don't spend it. Read the recently updated (6 May) FAQ 10 and 54 (11 May) and make up your own mind. We're all just guessing at this point.

https://www.irs.gov/coronavirus/economic-impact-payment-information-center

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Yes, The CARES Act just says that when reconciling the EIP on 2020 returns in 2021 that the 2020 EIP credit would be reduced by advance payments, but not below zero.

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