The IRS announced on February 16th that, as required by law, all legally permitted first and second round of Economic Impact Payments (stimulus) have been issued. If you did not receive a payment or if you did not receive the full amount, you may be eligible to claim the recovery rebate credit, and to do so you must file a 2020 tax return.
To avoid refund delays, the IRS urges people to file a complete and accurate tax return. Even if you do not have a tax return filing requirement, you may be eligible to receive additional credits based on your filing information by including the amount of your income and information about a spouse or any dependents. Filing electronically is the fastest and most accurate way for you to file. Filing electronically through a tax professional gives you peace of mind that your credits and deductions, including the Recovery Rebate Credit have been accurately calculated.
Meadville Tax Service at 1107 Park Avenue has been preparing tax returns in Meadville and the surrounding communities for the past 17 years. We are your go to tax preparation and accounting office staffed with CPA, EA, and IRS trained professionals. Call us today at 814-333-2488!
