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stimulus cheque and taxes

Tax_question10 — Thu, 11 Mar 2021 02:48:05 GMT

Hi is it necessary to file 2020 taxes to get the upcoming stimulus cheque?

Thanks

Re: stimulus cheque and taxes

Anonymous — Thu, 11 Mar 2021 03:03:53 GMT

No one knows this with certainty yet, though it is likely to be the case - but only if you would otherwise be required to file.

This law is not yet officially "on the books", though the president is expected to sign it on Friday. Once he does it will take a little time for the IRS to set policies and procedures and implement them.

We should all know more in a few weeks.

Re: stimulus cheque and taxes

KrisD15 — Thu, 11 Mar 2021 03:13:21 GMT

The bill has not yet become law, but it is certain that Taxpayers will NOT need to amend their 2020 tax returns in order to receive the third stimulus if they meet the other requirements to receive the payment.

@Tax_question10