A
Andy Meek
Guest
- A new stimulus check update should be coming soon, with Congress set to begin work in a matter of days on President Biden's economic rescue package that includes funding for a new round of $1,400 stimulus checks.
- Meanwhile, tax filing season is about to begin, and the coronavirus pandemic created a host of challenges that could end up having an impact of some kind on your 2020 tax return.
- Here's what taxpayers need to know, including how to use their 2020 tax return to claim stimulus money they're still waiting on.
Pretty soon it will be the most wonderful time of the year again ... if you work for the IRS.
Millions of Americans right now are still awaiting a stimulus check update to see if and how much of a third stimulus check Congress will approve -- President Biden is pushing for a new round of $1,400 checks, though he's said he's open to negotiating that -- but we're also just days away from the start of tax filing season for 2020. Last year was an extraordinary year for so many reasons, and many of the ripple effects of the coronavirus pandemic (like the issuance of stimulus checks and people who lost their jobs collecting increased unemployment benefits) will have tax consequences on 2020 tax returns this year. Here's some of what you need to know.
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If you’re still waiting on stimulus money, do this before filing your 2020 tax return originally appeared on BGR.com on Fri, 29 Jan 2021 at 15:49:15 EDT. Please see our terms for use of feeds.
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