Submitting taxes? Here is what has modified this 12 months

0
80
  Filing taxes?  Here's what has changed this year

With this year’s taxes, some things have changed due to the COVID19 pandemic.

COLUMBIA, SC – Due to COVID-19, there are a few small changes to this year’s tax season.

“The biggest change has to do with the payment of stimulus,” says Ed Palekas, who heads the voluntary income tax support program at the Ministry of Cooperatives in Colombia.

Palekas broke down, which you need to know.

“This year the government has made a contribution to tax law known as a clawback rebate loan,” says Palekas. In the second case, we take care of the paperwork in your tax records and files so that we can receive the full amount. “

That’s the biggest change this year and what Palekas is saying most people are concerned about.

To get the status of an economic impact payment: http: //t.co/WPSJiigUx9

– Ministry of Cooperatives (@TheCoopMin) September 29, 2020

RELATED: Beware of Scams, Identity Theft in 2021

The IRS normally receives individual tax returns from the end of January, but this year they will be accepting them on February 12th to allow for additional testing and programming of IRS systems after the tax changes.

Anyone who has been unemployed and received Unemployment Benefit for a period of time in 2020 must also include their 1099 form along with the W2 and other forms normally filed.

Anyone looking for help can contact the Ministry of Cooperatives Monday to Friday from 10 a.m. to 2 p.m.

“We get the returns right and we do it for free,” says Palekas.

To learn more about their work, click here.

To find out more about the 2021 tax season, visit this website.