Youll also likely receive $1,800 from the first two rounds as a refund recovery rebate.
For people who get certain benefits, likeSocial Securityor SSI, the process is easy.
But what if youre not receiving benefits?
This post refers to the 2020 tax season. For the most up-to-date info, check out ourrecent tax articles.
Fortunately, its pretty easy to file a tax return.
Heres how to do it.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Your name, your dependents names, your address, your Social Security number.
As long as you have all that information, youre ready to get started.
Heres what to do.
Your bank account number will be just to the right of the routing number.
The number may vary by state.
Trust us, though: Its way easier to do this using one of the free filing tools.
And if you didnt earn income?
Youd put $1, Allec said.
Youre not going to owe taxes on that dollar.
The IRS has a huge backlog of unprocessed paper returns, which could leave you waiting for months.
Meanwhile, the average online return is processed in 21 days or less.
If youre printing and mailing your return, dont forget to physically sign it.
From that point, all you might do is wait.
Payments began on March 17 and will continue in the weeks ahead.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
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