Tax day has moved to May 17th this year. Here’s some information to help ensure you’re able to file your taxes with as little headache as possible.
The IRS is encouraging individuals, if able, to file electronically to speed up your refunds.
Did you not get your prior COVID stimulus check(s), but think you should have?
To recap: Congress passed relief bills in March and December of 2020 which provided stimulus checks of up to $1,200 and $600, respectively. These checks went to individuals making $75,000 or less and couples filing jointly making $150,000 or less. Individuals making more than $75,000, and couples making more than $150,000, may qualify for portions of these checks.
The threshold for the previous stimulus checks was based on your 2018 or 2019 tax returns, even though the payments were technically advance credits on your 2020 taxes. So, if you made less in 2020, and should have qualified for the stimulus check, you may qualify for the Recovery Rebate Credit and must file a 2020 tax return to claim it. Click here to do so.
Need help filing your taxes?
If your income is less than $72,000, check out the IRS’ Free File Program. You may be able to access filing assistance. Click here to check it out.
2020 wasn’t an average year, make sure you check out these resources. Visit this page put together by the IRS that provides helpful information.