Susan Tompor: Stop! Don't do your taxes until you dig up this number

Aiming to file your taxes soon for a speedy tax refund? Well, this year, you better step back a minute and first ask yourself, “Hey, how much money exactly did I get for that stimulus?” And: “What about that second stimulus check? Did it ever show up?” These are odd questions. After all, stimulus payments aren’t taxable at the federal level, but you are still going to need those exact numbers for the stimulus payouts to process your 2020 federal income tax return. “The way our tax software works it assumes you did not get a stimulus check unless you tell it you did,” said George W. Smith, a CP…

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HEDGE accordingly