You Might Have To Wait Till Next Year For Some Stimulus Benefits

FILE – In this April 23, 2020 file photo, President Donald J.Trump’s name is printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak in San Antonio. The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of people who filed their taxes with an online preparation service initially found that their economic impact payment did not make it to them directly. (AP Photo/Eric Gay)

You Might Have To Wait Till Next Year For Some Stimulus Benefits The latest round of stimulus payments are already being sent out – but some Americans will have to wait until next year to take full advantage of the recently-passed coronavirus relief bill. Some of the benefits included in the $1.9 trillion bill, such as the child tax credit, won’t be available until you file your 2021 tax return next year. Other benefits that won’t take hold until next year include the Earned Income Tax Credit and Affordable Care Act subsidies. Have you gotten your stimulus payment yet? Would it be better to make sure Americans get their benefits now instead of next year?