Three ways the coronavirus stimulus money may change your 2020 tax return скачать в хорошем качестве

Three ways the coronavirus stimulus money may change your 2020 tax return

Changes to unemployment benefits, stimulus payments and tax deferrals all could affect your 2020 tax returns. Watch this video to learn more about how your taxes might differ from the last time you filed taxes. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Tax season is right around the corner, and millions of Americans will file taxes that look much different than in years prior. And while Congress can’t decide on a second round of stimulus checks, the tax implications of all the Covid relief Americans received has already been determined, according to Garrett Watson, a senior policy analyst at the Tax Foundation. And there is some good news. Those who missed out on the first stimulus check may get extra money in their tax returns. If you were a high earner and your income took a big hit in 2020, you may be eligible to receive a partial or full stimulus payment, Watson said. And the IRS will only make adjustments in the taxpayer’s favor so you don’t have to worry about paying the relief money back, according to Watson. Check out this video for a full breakdown of which benefits may end up costing you money and to see what tax withholdings are set to change in 2021. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV