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Stimulus Check Update: $1,400 Payments May Affect Tax Returns, Here’s Why
03/12/21 AT 9:41 AM
Many Americans are eagerly awaiting their third stimulus checks after President Biden signed his enormous $1.9 Trillion American Rescue Plan into law, but while $1,400 direct payments could arrive in many bank accounts as soon as this weekend, the relief payments could stall other money that Americans might be expecting from their federal income tax returns.
With the IRS processing not only tax returns but also the stimulus payments, the newest round could cause a further backlog when it comes to processing tax returns that have been filed, WDAF, a FOX affiliate station reports. ....

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