Author: robin

Adult Dependants finally Eligible for round 3 stimulus payment of $1400

Please read this article from Forbes summarizing some of the legislation from the bill passed just last week. Despite being excluded from much needed relief in the first two rounds of stimulus payments Adult dependents such as college students will be eligible for the $1400 payment for individuals.

IRS Update – Economic Impact Payments

Read the full news release here. Key Highlights include: Economic Impact Payments are an advance payment of the Recovery Rebate Credit. Important updates include the Recovery Rebate Credit worksheet on page 59 of the 1040/1040-SR instructions. Anyone who didn’t receive the full amount of both Economic Impact Payments should include the amounts they received, before any […]