By Denitsa Tsekova
With another stimulus bill on the verge of going into law halfway through tax season, filing now or later may affect how much you get in your next stimulus check. If your income dropped in 2020 compared to 2019, you should file immediately online. But if it increased, you might consider waiting until the payments are issued before filing your federal tax return. “It probably is beneficial if your 2020 income is less than your 2019 to file your tax return immediately,” Lewis Taub, a certified public accountant and New York director of tax services at Berkowitz Pollack Brant Advisors, told Yahoo Money. “If you don’t do that and you miss the actual cutoff point, you’ll be able to get the difference of what you were actually owed on the 2021 return.” If your 2020 income was below $80,000 for single filers and $160,000 for joint filers, you would be eligible for some amount of the potential third round
