People who got a big raise or promotion last year may be better off waiting to file their tax return until after the U.S. government sends out billions in rebates.
The rebates—one of the pillars of the virus relief package (H.R. 748) signed into law Friday—phase out above certain levels of income. So people who haven’t filed their 2019 return yet might want to hold off, as they could qualify for a larger rebate, or get one they otherwise wouldn’t, tax professionals said.
The Treasury Department, which has already pushed the annual tax filing deadline to July, ...
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