COVID-19 relief bill and your taxes

The new COVID-19 relief package is heading back to the House of Representatives, and it could be ready for President Biden’s signature this week.

FIRST WEEK.((PKG))((SOT))Tracy Janssen - SymphonyBusiness Services"People aren’t sure how this newbill that was passed through theSenate is going to impact theirpersonal taxes"TRACY JANSSEN WITH SYMPHONYBUSINESS SERVICES AT LAKESIDEVILLAGE CENTER IN DESERT SHORES- IS A PRO AT TAX PREPARATIONAND PLANNING.

THIS YEAR- SHESAYS PEOPLEWHO MAY HAVE GIVEN HER THEIRTAXES - MAY HAVE THEIR FILINGSON HOLD FOR VARIOUS REASONS.((SOT))Tracy Janssen - SymphonyBusiness Services"Their income might be differentfor 2020 so it would impact theamount of stimulus they mayreceive""Maybe they received someunemployment last year"IT’S A LOT TO FIGURE OUT.MANY THINGS ARE UP IN THE AIRUNTIL PRESIDENT JOE BIDEN SIGNSTHE BILLCLOCK IS TICKING THOUGH ASUNEMPLOYMENT BENEFITS WILLEXPIRE NEXT WEEKEND FOR MILLIONSOF AMERICANS.((SOT))Tracy Janssen - SymphonyBusiness Services"We won’t know 100 percent untilthe house passes theirreconciliation process"MANY WONDER HOW THIS MAY IMPACTTHEIR TAX RETURNS.THE RELIEF PACKAGE WOULD INCLUDETHINGS LIKE THE FIRST TENTHOUSAND TWO HUNDRED DOLLARS OFUNEMPLOYMENT PAYMENTS TO BE TAXFREE FOR THOSE HOUSEHOLDS WHOQUALIFY - AND FOURTEEN HUNDREDDOLALR STIMULUS CHECKS FOR MOSTAMERICANS.

THOSE CHECKS - WILLNOT IMPACT YOUR TAX RETURN THISYEAR.((SOT))Tracy Janssen - SymphonyBusiness Services"This next stimulus is going tobe an advance of the 2021 taxcredit"((LL TAG))THURSDAY - APRIL 15TH IS THEDEADLINE TO FILE TAXES FOR MOSTOF THE COUNTRY - INCLUDINGNEVADA.THAT DATE - HOWEVER HAS BEENEXTENDED IN TEXAS BY TWO MONTHSDUE TO THOSE WINTER STORMS -