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Yes, you are correct, our customers continue to have questions regarding the Economic Impact Payments (EIP), and we’re continuing to work with the IRS for guidance. We’re updating our customer and expert-facing articles with information as soon as we get it. Please see the following link about late payments: What if my IRS refund is taking longer than 21 days?
Here is an FAQ with updated links and information: Review the new FAQs in the article, How will the third stimulus impact me?
Here is a TurboTax article about the American Rescue Plan
The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021. Additional information about a new round of economic impact payments, including the unemployment benefit will be forthcoming.
The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable.
For those who haven't filed yet, the IRS will provide a worksheet for paper filers and work with software industry to update current tax software so that taxpayers can determine how to report their unemployment income on their 2020 tax return.
TurboTax is developing the software required to process all of the new conditions.
Yeah that doesn’t help me at all. I called the IRS and they told me they have until April 23rd to give me my taxes back because that will be the 10 week mark since I filed.
I mean if they have accessed my return twice and I been processing for 2 weeks now. No new codes or anything. If they can access my return twice what’s the hold up 🤦♀️
Yes, you are correct, many of our customers are experiencing delays in receiving their stimulus without being able to access information via the tools the IRS has provided as expected. As our customers continue to have questions regarding the Economic Impact Payments (EIP), we’re continuing to work with the IRS for guidance. We’re updating our customer and expert-facing articles with information as soon as we get it.
Please see the following link about late payments: What if my IRS refund is taking longer than 21 days?
Here is an FAQ with updated links and information: Review the new FAQs in the article, How will the third stimulus impact me?
You can also check your IRS online account to see what is on your record from their side, if you haven't already. Here is the link to see your Online Tax Account.
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