Clark's Tax Service

You could get back more money than you think, or at least lower your tax bill. A number of Covid relief provisions may be claimed in full only through your tax return If you earned less than $75,000 as a single person, $112,500 as head of household or $150,000 as a married couple in 2020 and didn't already receive Covid relief payments from the federal government, filing your federal tax return will be the best way to get the full amount of the two economic impact payment...s for which you're eligible. You may be eligible for an Earned Income Tax Credit. The rules for the EITC have been tweaked to provide more Covid relief for those who qualify. You may choose whether to base your EITC on your 2019 or 2020 income, whichever would be most advantageous for you. Small business owners who paid business expenses using money from a Paycheck Protection Program loan that was forgiven may still deduct those expenses on their federal tax return as if they paid for them out of revenue.

Spread the word about a tax credit that helps millions of Americans. Last year, the average Earned Income Tax Credit was $2,460. www.irs.gov/eitc

An IP PIN is a six-digit code that helps prevent identity thieves from filing fraudulent tax returns using your personally identifiable information. Sign up with the IRS at: www.irs.gov/ippin

Georgia Unemployment forms are now available for print on the Georgia DOL website if you opted in for electronic delivery. Forms can be found in the UI portal.

Happy Tuesday!! If you are awaiting your 1099G form from the unemployment office you have until Thursday to go to the Department of Labor website to consent to receive form electronically. Visit the Georgia Department of Labor website, under online services click the link Check my UI claim status, log in and the first screen will be the consent screen. This is NOT mandatory, if you do not consent to electronic delivery your Tax Form for unemployment will still arrive to you by mail.