Second Stimulus Timing

@rjs @VolvoGirl @fanfare @xmasbaby0 @Critter-3 

 

This was published in the Wall Street Journal today and begins to explain the timing and how these 2nd payments are going to occur: 

 

"To avoid sending money during tax-filing season, Congress established a Jan. 15 deadline for making the stimulus payments. Eligible individuals who don’t receive a check or direct deposit by that date will have to request a $600 refund when filing 2020 tax returns. "

 

That means the IRS is going to have to change how the EIP form that ties to Line 30 works prior to opening up the submission window in late January..... and it's how they are going to ensure that there isn't any unintentional 'double dipping' (I get a stimulus payment and I fail to state that on my 2020 tax return)