Short answer, yes! From one of many reports in the last few days; this one is Monday, Feb 22nd:
For now the typical deadlines apply: Taxpayers have until Thursday, April 15, 2021, to file their 2020 tax return and pay any tax owed. The IRS started accepting 2020 tax returns on February 12, two weeks later than originally anticipated (there were all those Round 2 stimulus payments to get out, plus reprogramming IRS systems for December tax law changes). Note: the IRS announced today that victims of the winter storms in Texas will have until June 15 to file returns and pay any taxes that would have been due on April 15 (or March 15 for businesses), which is routine with such local disasters.
So get together your W-2‘s, your 1099-INT or 1099-R‘s or 1098-G‘s, any 1099-G‘s for Unemployment, and maybe any SSA-1099‘s for social security benefits!
P.S. Also get your 1095-A form from Healthcare.gov IF you didn’t have employer/school based health insurance, AND……
your 2 Stimulus payments details (1st one was last spring/summer 2020.
2nd one was just in the last few weeks (dec 31st 2020 – Feb 2021) — get them from IRS.gov by clicking on the Coronavirus button!!
NOTE: Good news, these 2 payments are NOT taxable!!!
P.P.S. Also, it can’t hurt to see what you’ve paid in Social Security taxes/withholdings over your lifetime at SSA.gov if you want to — but not required to file taxes!
Come in and see me at the Springville Walmart or call me at 801-356-1032 for in-person or remote tax prep / technical help on using an online free filing one. And if you can’t afford to pay for in-person sit-down tax prep, then i’ll refer you to places such as VITA.byu.edu. Tis excellent either way. #ibelieve! Happy Wednesday you all,