Spoiler alert: If you haven't filed your taxes since 2017, now is a good time to get that done.
Consumers eager to receive their stimulus checks from the government's historic coronavirus aid package need to make sure they are up to date on their taxes.
It's not necessary to download special software or use a tax preparer. The IRS has two paths for free filing options, one for those making under $69,000 and another for those making above $69,000. Both can be found on IRS.gov.Individuals making up to $75,000 a year would receive checks for $1,200, with an additional $500 per child. The payments would progressively decrease for individuals making more than $75,000, with an income cap of $99,000.
Some experts say that because of budget cuts and"obsolete technology," the IRS would need months, not weeks, to send out payments. People who were planning on receiving paper checks and have moved since they filed their last returns should submit a change of address form, which normally takes four to six weeks to process.
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