Author Topic: File taxes before stimulus passes if you had a child during 2020  (Read 1256 times)

Offline yelped

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #15 on: March 09, 2021, 10:53:35 AM »
Correct. But not guaranteed that they'll still make it in time for the determination to be made based on 2020.
Hopefully I will. I just filed taxes for 2020.

Offline S209

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #16 on: March 09, 2021, 12:29:52 PM »
Would they have to "pay back" the credit after the fact when their 2021 taxes are filed and their income is over the threshold?
AFAIK there is no payback provision.
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Offline zh cohen

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #17 on: March 09, 2021, 08:22:04 PM »
Processed.
https://www.congress.gov/117/bills/hr1319/BILLS-117hr1319eh.pdf page 452

Thanks. Any updates on when the determination date is? It would seem that filing taxes now would be too late (I filed March 1st and am waiting for processing)

Offline Moshe123

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #18 on: March 09, 2021, 08:37:40 PM »
Are 2021 babies included in the stimulus for when taxes will be filed next year?

Offline Jack out of the box

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #19 on: March 10, 2021, 03:38:09 AM »
Thanks. Any updates on when the determination date is? It would seem that filing taxes now would be too late (I filed March 1st and am waiting for processing)
It usually takes 2-3 for processing if the tax return was submitted electronically.

Offline Jack out of the box

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #20 on: March 10, 2021, 03:38:20 AM »
Are 2021 babies included in the stimulus for when taxes will be filed next year?
Yes

Offline qwerty123

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Re: File taxes before stimulus passes if you had a child during 2020
« Reply #21 on: March 10, 2021, 08:01:03 AM »
I filed my return on march 3rd and still dont have updated status to refund excepted (guess that means it was not processed).

How long does it take?

Will i make it in time for the stimulus check?