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3rd stimulus check: Tax filing impact, the child tax credit and other FAQs
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CHICAGO (WLS) With the stroke of a pen, a third round of federal stimulus money is on the way. Your stimulus money could arrive within days. But there are questions like, how will your 2020 tax filing affect your payment? And what about those extra payments for parents?
If you re one of 22 million Americans who lost a job during the pandemic, you could benefit from having the third stimulus payment based on your 2020 tax filing.
If you know that 2020 was a rough year for you and you didn t make as much money as you did in 2019 you should definitely file now, if you haven t filed already, you need to file asap today, says tax Preparer Connell Jones. He says the IRS will most likely use the latest income tax documentation on record, to determine how much stimulus money you re eligible to receive. ....

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