US Taxes and Stimulus Checks

CRAIN'S COMMENTS

I’m not going to try to summarize the entire article here. It’s worth the time to read, regardless of whether you do your family’s tax forms or take them to someone to complete.

The bottom line is that the legislation currently winding its way through Congress will both contract and expand eligibility for government assistance:

  • Eliminating more affluent families from receiving checks,
  • While expanding eligibility among the less affluent.

Tax forms are slightly more complex this season because some families will need to use the forms to recover government money they were never sent. If you use a tax preparation service, that needs to be discussed.

View original post