The full payment of $1,400 per person is available to individuals earning up to $75,000 annually and to couples earning up to $150,000 annually. Couples making between $150,000 and $160,000 annually and individuals making between $75,000 and $80,000 annually would receive a smaller payment. Couples earning more than $160,000 annually and individuals making more than $80,000 annually are ineligible for the payout.
You can file your taxes right now, yes. On February 12, 2021, the IRS began accepting tax returns. You can receive your refund more quickly and, if you qualify, the third stimulus payment by filing your taxes early.
On February 12, 2021, the IRS started taking tax returns for the 2020 tax year. Your 2020 tax return must be submitted by April 15, 2021. You have until October 15, 2021, to ask for an extension if you need extra time to file. A filing deadline extension does not, however, prolong the window for making tax payments. What is the deadline for filing my 2020 tax return? You can currently file your 2020 tax return. On February 12, 2021, the IRS began accepting tax returns. It is advised that you complete your taxes as soon as possible to prevent any delays in getting your refund or, if you qualify, the third stimulus payment.
In conclusion, the third stimulus check offers the COVID-19 pandemic’s victims and their family much-needed respite. The payment’s amount is determined by the recipient’s income and family size. If you qualify, filing your taxes early can assist assure that you get the third stimulus payment. You can submit your tax return now, and the due date for your 2020 tax return is April 15, 2021.