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Don t earn enough to file taxes. and the agency is basing the payments on people s 2020 returns or their 2019 returns or the folks who use the stimulus check portal to receive their money last year. so the biden administration is really trying to reach out to these families to make sure that they don t miss out. the roirs has launched a nonfil portal tool where parents can register to get the advanced credit. and thousands of community groups across the country are trying to spread the word and either help people file their returns or use the portal. so for those who are all signed up, it will hit every 15th of the month through the end of the year and they get the rest of it in their taxes next spring. a lot of people wondering if they will get a tax surprise next year. what should people know? the monthly payments may sound nice, but not everyone will want to receive them. these are not the stimulus checks that people received over ....
WKBT January 21, 2021 3:19 PM Tina Orem Posted: Updated: Getty Images At tax time, it’s often hard to predict how much you’ll owe or receive in a tax refund without actually doing your taxes. But there are some telltale red flags that can mean an unwelcome tax surprise is headed your way, tax pros say. Here’s how to spot the signs and how to keep them from financially derailing you. 1. A 1099-NEC lands in your mailbox A 1099-NEC reports income earned from freelancing, from a side gig or as an independent contractor. Money your clients paid you is on that form if it was at least $600 and there was likely no tax withheld. The IRS and maybe even your state will probably be looking for that tax money from you by the April 15 tax-filing deadline. ....