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Get ready for tax season: How your stimulus check will be categorized with the IRS

Source: cnbc.com - Jan 29, 2021

It’s already shaping up to be a confusing tax season, as millions of Americans are still waiting on their first and second stimulus checks from 2020, and the Senate pushes back on President Joe Biden’s $1.9 trillion relief plan calling for a third check (this time for $1,400).

Tax filing also begins a little later this year: The IRS announced it will begin accepting and processing 2020 tax year returns on February 12 — as opposed to late January as it does most years — to give the agency time to prepare for the new stimulus paperwork. The deadline to file still remains April 15.

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Category: General Business