Just a reminder that you will need to report your 2020 Stimulus payment AND your 2021 Stimulus payments on your 2020 tax return for reconcilation. The IRS will be sending out Notice 1444 for the first payment and Notice 1444-B with the second payment amount.
As a reminder, you will not be taxed on the Stimulys payment, this was a PRE-PAYMENT of a 2020 Tax Credit. The tax return will reconcile what you received and if you are due an addiitonal amount, the tax credit will be added to your tax return.
If you are trying to file early, be sure to review your bank records and submit those two amounts with your Tax Organizer.
Happy Filing!!