The short answer is no. According to the IRS the payment is not income and taxpayers will not owe tax on it. The stimulus payment will not reduce a taxpayer's refund or increase the amount they owe when they file their 2020 tax return next year. A stimulus payment also will not affect income for purposes of determining eligibility for federal government assistance or benefit programs.
2020 Estimated Tax Payments Are Due September 15th.
We Need Your Paperwork!
Did you file a 2019 tax extension?
We need your documents by September 7th in order to prepare your tax return. Extended tax returns must be filed by October15, 2020.
Covid-19 Office Procedures
Do you have documents to drop off or pick up? We have a drop box conveniently located on our front porch, available during office hours. When you arrive give the office a call and we will deposit or retrieve your documents.
We are also offering the convenience of Zoom meetings or phone conferences in order to protect everyone's health.
August Office Hours
Monday through Thursday 9:00 to 4:00.
Beginning the week of September 7th our office hours will be
Monday through Friday 9:00 to 4:00.
The office will be closed on Monday September 7th for Labor Day.
We hope you have a wonderful school year!
Save the Date!
Hartland's Polar Express
10:00AM to 1:00PM
Jellison CPA is a proud participant of this event. We look forward to seeing you there!