One final couple of questions and I'd really enjoy hearing from xmasbaby0 as well here if possible.
- Like NCperson mentioned; it wouldn't be prudent to file asap via TurboTax, like today for example, because TurboTax software isnt up to date yet to accommodate the 2nd stimulus requirements just announced on Wednesday. So, is this to say that if one (hypothetically) filed with proper up-to-date hard copy IRS forms, say manually + via E-file, or with another service( i don't know of any, just a hypothetical) that it still wouldn't be prudent to file asap? My question stems from seeing IRS tax refund date calculators from years past, that typically show for example, "if you filed on Jan 20th, you can expect your refund to be deposited on Feb 13th" etc and so on. Not that i would bet the farm on the accuracy of these calculators, but there is a reason they exist. And If my wife and i weren't both in such a desperate financial bind (both no employment-new baby + 3 kids and my Chemo) i wouldn't be stressing about this, i never have in the past. But I'd like to get to the front of the line at least, to be one of the first recipients of refund. If I can possibly do anything about it. Could there possibly be another, more timely way to file, one that doesn't require waiting for a Jan 27th software update? (no offense whatsoever to TT)
- In this thread, we discussed that because of child tax credits or Earned income credits, the IRS can't release my refund until mid-Feb anyways. I don't believe one can (or is required to) claim either of these credits with $0 income. Can they? Moreover, I believe my primary and only purpose for filing, and for only filing for 2020 (from what y'all have suggested) is simply so I can claim my 2020 newborn $1100, and get our Recovery Rebate Credit/EIP 2 , correct? So if no EIC/Child tax credits are claimed wouldn't that eliminate the need for IRS to hold my funds until mid-February, thus possibly , maybe getting a more timely direct deposit?
- The IRS is saying one must have Notice 1444 to determine the amount to include on the Recovery Rebate Credit worksheet included in 1040, 1040-SR, which is the form I will be filing. If I already know what the IRS deposited in 2020 for my 1st stimulus, do I need this form? Like to attach it as proof or something? I think we threw ours out.
- And lastly, in my head this should be simple. Get 1040 done with Recovery rebate credit worksheet plus add new kid from 2020, and show that I have Zero income. Provide bank info, and under AGI put a Zero. Is there anything I'm missing?
Apologies for the longwindedness here, must have been all the Komodo Dragon for breakfast!
