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How to claim stimulus money on your 2020 taxes. 'It's really the only vehicle that you have right now'


How to claim stimulus money on your 2020 taxes. ‘It’s really the only vehicle that you have right now’
MarketWatch
3/7/2021
TAXWATCH
As if taxes weren’t stressful enough, the current income tax filing season marks the last call for 2020 stimulus check money.
Between the first and second batches of 2020 stimulus checks, the Internal Revenue Service has already distributed 307 million direct payments to Americans for a combined $412 billion.
That’s a lot of money distributed so far, but the IRS isn’t finished yet.
That’s good news for people who were eligible for stimulus money, but missed out on some or all of the payment. This group could include households with a new baby in 2020, people who earned less in 2020 than they did in 2019 and young adults who are filing their taxes for the first time. ....

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