The faster you file your taxes, the sooner you’ll see that stimulus green.
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Of course, you’ll likely get your federal tax refund sooner if you file sooner to the time the IRS starts processing returns on Feb. 12 than to the April 15 deadline. But this year, you have two additional reasons to start preparations ahead of time for tax season 2020. By setting up direct deposit with the IRS, you’ll mostly likely receive your third stimulus check sooner, especially a new stimulus payment arrives during tax season. By filing as early as you can, you’ll also be able to recover any unpaid stimulus check money you’ve been owed since the Jan. 15 IRS deadline.
At least 8 million people who should’ve been eligible for stimulus check money didn’t receive the check they were due — and millions more may not have gotten all the funds they were entitled to — because of a clerical error or some other issue. Some folks had problems with custody and child support, missing money for child dependents in general, or accidental garnishment.
Whatever your individual situation, we’ll explain how filing early can help you