Due to the COVID-19 pandemic, this tax season will look a little different than usual.
MISSOURI - It is no surprise this upcoming 2020 tax season will be much like the year itself: a challenge. With the pandemic came many efforts to control the panic including economic relief bills, unemployment payments, and a majority of the population working at home.
These are things that may impact taxpayers when they go to file in the upcoming months. According to the IRS, the final date to file your 2020 taxes is April 15.Â
Economic relief payments
The first round of stimulus payments was $1,200 for eligible adults and $500 for eligible children. The second round consisted of $600 payments for both eligible adults and children. The third relief package that was recently passed by the House of Representatives will consist of payments that are also non-taxable, if passed by the Senate. Taxpayers will not have to pay taxes on any of these payments, as they are non-taxable income.