IRS has begun the second round of stimulus checks

The IRS is in a much better place now than the prior round of stimulus checks! As direct deposits have already begun and so have mailing of checks prior to the New Year and until January 15. If you do not receive a check by January 15 deadline or a direct deposit from the Treasury. Inform your tax-preparer to take the credit up to the maximum stimulus amount of $600 ( the phase out begins at $75,001 for single filers and $150,001 for joint filers) this can help mitigate your taxes for 2020 as a dollar-for-dollar reduction as it is a tax credit and not a tax  deduction. #tax #taxes2020 #taxes2019 #stimulus #taxcredits

IRS Second Stimulus Check Update


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