CHESTERFIELD, Va (WRIC) – Liberty Tax Certified Public Accountant Juliette Sykes said people are desperate for the $1,400 stimulus check and are steadily coming into her office to make sure they’ve taken the steps to get it.
She said since the federal and state tax deadlines have been moved back to May 17 because of COVID-19, it’s giving people more time to file and more time to pay back anything they owe.
But, Sykes said tagging on another month for tax preparers like her can be hard because they’re used to being completed with returns by April 15.
Tax preparers like her haven’t been given timing on when more stimulus checks will be sent out.
If you filed 2019 taxes by Nov. 2020, the IRS would’ve looked at your 2019 return and sent you a $1,400 stimulus check. But, if you filed in both 2019 and 2020, they’ll look at the most recent return to see if you are eligible for the $1,400.
Sykes suggests filing your 2020 tax return as soon as possible to be eligible for the stimulus check. If you haven’t received a $1,400 check yet, it could be because you did not file a 2019 tax return by Nov. 2020.
“People are looking for their stimulus. People are desperate to get this money, and so if they haven’t filed, because of the pandemic, if they didn’t file in ’19, they realize that they’re not getting the $1,400,” Sykes said. “So, a lot of people are coming in and they want to file ’19 and ’20. So in that respect, our load has, we’ve seen a lot more people coming through.”
Because people are realizing the steps they need to take to claim the most recent stimulus check, there’s been a boost in business for tax preparers like Liberty Tax in Midlothian.
Sykes said if time goes by and those who didn’t receive the $1,400 stimulus check, not all hope is lost.
Those individuals will be able to claim it on the 2021 return in a recovery rebate, much like the $1,200 and $600 stimulus checks can be claimed on 2020 tax returns.
For those who got unemployment income in 2020, President Joe Biden’s American Rescue Plan allows the first $10,200 of it to be untaxable.
The IRS has had to work with tax software companies to make sure that change is there, so that people can go back and amend their returns if needed to get that money back.