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Get your taxes done using TurboTax
IT will be a couple weeks before anyone really knows how the IRS is going to handle it.
I suspect the extra stimulus will be sent out based on what has already been filed for 2020 taxes....but for those who haven't filed yet.....who knows. I'd not send it until a 2020 tax return has been filed and accepted...but that's just if I was in charge. There's already been massive problems with people having moved since filing 2019, and new bank accounts...etc....so (opinion) no one should get it until they file their 2020 taxes and thus, update their current situation.
The new exemption for taxes on unemployment ...that could take a month or three to work out.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 7, 2021
7:56 AM