Tax news, personal finance, and more!
You can claim your missing stimulus payment with the Recovery Rebate Credit. The IRS introduced the Recovery Rebate Credit for eligible taxpayers who did not receive first or second stimulus payment.
This credit was authorized for COVID-19 assistance under the CARES Act. It is an advanced payment which will increase your refund or lower your tax due to the IRS.
Countless taxpayers may be stressed out with taking care of their families, working from home (if they’re able to), and trying to adjust to their daily lives. With filing a tax return being the last thing on their mind, the July 15 deadline came as fast as it left.
If you find yourself worrying about needing extra time to file, don’t worry, we’re here to help.
Due to the COVID-19 pandemic, taxpayers were allowed extra time to file their 2019 tax returns. This meant more time to spend with your loved ones during this time and a less stressful tax season with an extra month to file.
Luckily, the IRS gave taxpayers tax relief for filing and payments. With tax day already gone, you have until October to e-file.
Continue to keep reading on how to file your 2019 taxes.
