Some taxpayers will be entitled to additional stimulus money when they file a 2020 tax return. An example of this would be a person who had a child born in 2020 and therefore not listed on the 2019 tax return. For this and other situations, you will need to know ow much you received in stimulus money during this year in order to determine if you are entitled to additional stimulus money. Therefore, it is important to keep any correspondence from the IRS regarding the payment and to maybe even make a copy of the check received, If payment was done electronically, keeping a copy of the bank statement will be useful.
Feel free to give the office a call if you need further information.
Written by: Doug Rodrigues