COVID has triggered a lot of change in the world, and will complicate your taxes this year. Be sure to get qualified, professional tax help before filing, and be ready to answer at least some of the following questions: Did you get your stimulus checks? The amount of your stimulus payments must be reconciled on your 2020 Form 1040 to determine if you qualify for the Recovery Rebate Credit. The recovery rebate credit is a new addition to the federal income tax return. Did you qualify for stimulus payments but didn’t receive them or didn’t get the full amount to which you are entitled based on your 2020 income? The Recovery Rebate … Read More
