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Important Changes To Consider For 2021 Taxpayers

Important Changes To Consider For 2021 Taxpayers
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Important Changes To Consider For 2021 Taxpayers

Important Changes To Consider For 2021 Taxpayers
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Stimulus Checks And Your Taxes - What Tax Experts Say You Need To Know


By: Jordan Dafnis
Tax season is here and this year things are a little more complicated because of the stimulus money many people have received.
Rachel Mathew with Polston Tax Resolution and Consulting says first, for those who did not receive the stimulus check but should have, you can report it on your 2020 tax return. The IRS will send you a check for that money if you qualify for receiving it.
Next, Mathew says there is a new round of stimulus money that is coming out. This one is based on your 2020 tax return.
You qualify for stimulus money if you file single and your income was less than $75,000 or if you are married and your combined income is less than $150,000. If you qualify you want to get that 2020 tax return filed as soon as possible. ....

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