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Your federal tax returns play an outsize role in your second stimulus payment and likely your third payment too.
Stimulus checks taxable next year. With a second round of checks in the works here s how the money will affect your tax returns next year. The stimulus payment or economic impact payment as the irs calls it is technically a tax credit for 2020. Important stuff you need to know.
Saunders noted that people who didn t make this deadline can still get their first stimulus check and the upcoming 600 check by filing an income tax return next year. But this isn t widely understood. The first round of stimulus checks was technically a rebate based on your latest filings.
15 deadline through a recovery rebate credit that.
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