2/16/21-Filing Taxes This Year Can Help Those You Serve During the COVID-19 Pandemic.
- February 16 2021
- By: info@njcfe.org
- 0 Comment
Filing Taxes This Year Can Help Those You Serve During the COVID-19 Pandemic.
February 8, 2021 | consumerfinance.gov
Even if those you serve don’t typically file taxes, encourage them to do so. Doing so this year may be the only way to get back any money that was withheld from their wages (a refund), plus cash in on key benefits and stimulus payments (also known as Economic Impact Payments) not claimed in 2020.
And this year, if you qualify for the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC), the Internal Revenue Service (IRS) is allowing you to choose whether to use your 2019 or 2020 income to receive the most credits for which you are eligible.
No Tags