We're here to answer your money questions. Several readers asked the same question: Is it too late to file taxes to receive a $1,200 stimulus check?
The Moneyist has received hundreds of letters about stimulus checks over the last seven days. Many of these relate to people filing their 2018 or 2019 tax returns late. Here are five of those letters — and one answer:I was reluctant to file my taxes for 2018 and 2019 for fear of owing what I could not afford to pay.
The agency has said it will continue to process stimulus checks throughout 2020 and, to help people, it has extended the deadline for people filing their 2019 income taxes from April 15 to July 15. More than 130 million stimulus checks have been cut thus far. Those collecting Social Security and who are not working do not have to file a tax return. The IRS will have those details on file. People who are receiving checks by direct deposit will more than likely receive their payments before those getting paper checks through the mail.
The Democratic-run House of Representatives approved a $3 trillion coronavirus relief bill on Friday night; analysts are saying it’s likely that President Donald Trump will end up signing a new aid package into law next month or later following extensive negotiations.
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