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If you end up filing back tax returns for 2020 and/or 2021 to claim your stimulus credits, it’s important to remember that it’s a refundable credit, as opposed to a nonrefundable credit.
Whether you received federal stimulus checks in 2020 and 2021 or state inflation relief checks in 2022, you won’t have to pay tax on any of them. These stimulus payments are all considered to be ...
In 2022, America had its first stimulus-free year since the start of the pandemic, and most people have long received -- and probably spent -- their federal payments and tax credits. Most, but not...
Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
California stimulus payments between $200 and $1,050 are available to residents who filed state tax returns by Oct. 15, 2021, and lived in California full-time for a minimum of six months in 2020.
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