Does filing an extension eliminate chance to claim stimulus?
Terry –
For those taxpayers who file an Extension (2020 tax year), they will NOT have lost their opportunity to collect any missed Stimulus #1 & #2 payment(s), correct?
Terry Says
No, it doesn’t eliminate the chance to collect missed stimulus payments on Line 30. BUT, remember when you file for an extension, you must include a check for the estimated amount of all taxes that will be due on this return!