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I filed my taxes thru Turbo Tax on April 13th. In checking for my the stimulus check, federal govt does not show check has been rec'd
@Hayes556 wrote:
I filed my taxes thru Turbo Tax on April 13th. In checking for my the stimulus check, federal govt does not show check has been rec'd
Go to this IRS website for stimulus payment information FAQ's - https://www.irs.gov/coronavirus/economic-impact-payment-information-center
Use this IRS website for stimulus payment status or to update your bank account - https://www.irs.gov/coronavirus/get-my-payment
Use this IRS website for get my payment FAQ's - https://www.irs.gov/coronavirus/get-my-payment-frequently-asked-questions
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If only one spouse uses the new form 2020 W-4 and you file jointly, you have the risk that your tax withheld could be either too high or too low.
If the withholdings are too high, then you will have a larger refund at tax time (and lower take-home paychecks during the year).
If the withholdings are too low, you could incur a penalty for underpayment at tax time.
@gdpaull , having gone through your post and the response from @MinhT1 , while I agree with her answer , I would like to add a little. If your spouse is a wage earner, she MUST file a W-4 -- required for each wage earner. What you can do is to adjust the total taxes withheld-- i.e. the two W-4s should be sufficient to cover the total wages for the year ( each pay period ). IRS has a calculator for this -- see https://www.irs.gov/individuals/tax-withholding-estimator
What law requires is that the expected tax liability be withheld-- however people often allow the employer to withhold more , so as to get a refund at the time of filing.
Note that if your spouse does not file a W-4 with her employer, then the employer is obligated to withhold as if she was single ( generally leading to higher refund at filing but less cash during the year )
Has the deadline changed for filing an 1120s due to the Corona virus? Is it still September 15th? Thanks.
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