May 11, 2021
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You've got less than a week until the IRS tax deadline closes. This is what you should know about your tax refund, stimulus check and the expanded child tax credit.
It's not just receiving your tax refund you could be delaying if your don't hit the May 17 tax-filing deadline with the IRS. Your 2020 tax return this year could determine a lot of money you could be leaving on the table if you don't file promptly, including the correct amount of your advance child tax credit payments and a "plus-up" payment if the IRS underestimated the amount of your third check by using an older tax form from you.
Because your 2020 tax information is essential for the IRS to determine how much money you'll receive this year, here are four reasons why filing your tax return is important this year, as well as how moving back the deadline could affect you.
If you did file your 2020 tax return but you're still waiting on your refund, we'll tell you how to track it here. You might also want to know why that letter from the IRS on your third stimulus payment is important, how your tax return could give you up to $50,000 in credits and benefits and how to see if the IRS is holding a tax refund you need to claim by May 17.
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