Techsourcer
Returning Member

Deductions & credits

So here's a catch 22. I've not filed 2020 taxes yet. Waiting for Turbo Tax's updated info to account for the $10,200 reduction in tax liability related to unemployment.  With that reduction and adjusted taxes, I'll be eligible for the $1400 stimulus check- which are being processed now.  If I do not file my 2020 taxes, I will not be eligible for the check due to my income in 2019, changing siginificantly post layoff.  Any suggestions? Is it better to file now and then amend?