Ask Terry Questions Does filing an extension eliminate chance to claim stimulus?

Does filing an extension eliminate chance to claim stimulus?

By Terry Savage on May 22, 2021 | Wild Card

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!

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