How to Claim Stimulus Checks on Your 2020 Tax Return

 

The deadline to file your taxes for 2020 has been extended to May 15, so there is still time to map out your tax strategy. One area of ongoing confusion is how to claim stimulus checks. Everyone received two or more government stimulus checks in 2020 to help with expenses during the pandemic, but do you need to claim those checks as taxable income?

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Tax Planning with Dependents: Where to Start and What Not to Miss

Thanks to the pandemic, we have an extra month until we have to file taxes for 2020, so there is still time to refine your tax strategy. Don’t forget to include your kids in your tax planning. The rules change when tax planning with dependents, so it pays to review the tax regulations centered around claiming your children or other relatives as dependents.

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