CORONAVIRUS TAX CENTER
Your trusted resource for tax information updates during COVID-19
We’ve got your back with accurate, up-to-date news about stimulus check payment updates, tax filing changes, and tax breaks related to COVID-19.
Some second stimulus payments delayed due to IRS error
Jan 6: Millions of people, including many customers, haven’t received their second stimulus payment due to an IRS error.
We’ve got everything you need to feel confident about your taxes, no matter your situation
- The bill includes a second stimulus payment of $600 to qualifying individuals and $1,200 for eligible married couples, plus an additional $600 per qualifying child. See if you qualify
- The IRS will determine eligibility and issue any payments based on info already on file. You can check the status of your payment with the IRS Get My Payment tool.
- If you were eligible for the first or second stimulus payment but did not receive the full amount you qualify for, you’ll be able to get the missing funds as a tax credit when you file your 2020 taxes.
- Over 30 million Americans filed for unemployment in 2020, many for the first time.
- The new stimulus bill also includes a second round of payments under the Paycheck Protection Program (PPP).
Working from home
- COVID-19 meant millions suddenly had to work from home. Visit our Work From Home FAQ to get the latest on what home office expenses are deductible and how this could affect your tax return.
Investments & retirement
- If you took money out of retirement for reasons related to COVID-19, you won’t pay a penalty and you can spread out the taxes over 3 years, with an option to pay back what you took out.
Multiple state returns
- Working remotely inspired many to relocate or move back home with family. Whatever your reason, our State Resource Center can help you understand the different state tax requirements for residents, non-residents, and part-year residents.
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