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When will I get the Second Economic Impact Payment (EIP)?If you have not received your 2nd tax stimulus payment and would like to find out the status, you can go here: https://www.irs.gov/coronavirus/second-eip-faqs
Are the tax stimulus payments (EIPs) taxable?No, the EIP (Economic Impact Payments) will not reduce the taxypayer's refund or increase the amount they owe when they fila tax return. If eligible, taxpayers who received a smaller than expected EIP may qualify to receive an additional amount when they file their 2020 tax return.
Can I deduct cash contributions to charities without itemizing?Yes! You can deduct up to $300 of cash contributions to charitable organizations per return for the 2020 tax year only.
What is the maximum I can deduct for educator expenses as a teacher?The maximum qualified educator expenses deduction is $250. What are some qualified educator expenses? - books - supplies (other than nonathletic supplise for courses of instruction in health or physical education) - computer equipment (including related software and services)
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