Timing Your Income Tax Could Mean A Bigger Stimulus

The timing of filing a 2020 tax return is extra important this year – if you get it right, it could lead to a bigger stimulus check.
Thus far, the payments are based on the same requirements as the first two checks: The full amount will go to individuals with up to $75,000 in adjusted gross income and married couples filing jointly with up to $150,000 in income. In addition, children and adult dependents may also be eligible for a $1,400 check.
If you haven’t already filed your tax return and would like assistance with tax preparation and/or planning, contact our office at www.cmacpa.net to schedule a consultation.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.