IRS to recalculate taxes on unemployment benefits; refunds to start in May
IRS to recalculate taxes on unemployment benefits; refunds to start in May
IRS tax deadline changes with income taxes and payments due May 17 to give taxpayers more time amid COVID
Most will be directly deposited automatically - no taxpayer action needed. Qualified people will get $1,400 for themselves and $1,400 for each dependent. More at: http://go.usa.gov/xsw4H
Social Security and other federal beneficiaries will generally receive it the same way as their regular benefits. More at www.irs.gov/eip #COVIDreliefIRS
Most qualified people will get the 3rd round of Economic Impact Payments without taking any action. Some may see a provisional payment in their accounts before the official payment date. See www.irs.gov/eip #COVIDreliefIRS
The 3rd round of payments will be based on your latest processed tax return from either 2020 or 2019. See www.irs.gov/eip #COVIDreliefIRS