2nd Economic stimulus payment

[Greta]

Any guesses as to whether we will be adding the 2nd stimulus to the stimulus worksheet?

[George4Tacks · Accepted solution]

Any guesses as to whether the president will sign the new 2nd stimulus bill? My guess is that IF the payments go out before year end, the answer to your question will be a YES, but when? 

[IRonMaN]

"Any guesses as to whether the president will sign the new 2nd stimulus bill?"

I don't know if he will have time to do that.  I heard that he is down the basement still counting votes and doesn't have time for that kinda stuff.  

At least the good news is, Congress got this done early enough in the year to allow for the IRS to update its forms in plenty of time for tax season. 😬

[sjrcpa]

But he did think it was important to sign legislation saying federal buildings will use classical architecture. 

[IRonMaN]

Everybody has their priorities 🙄

[George4Tacks]

How long does it take to read 5,593 pages of new legislation? 

[IRonMaN]

I think it takes about the same amount of time as reading 5,594 pages of old legislation.

[abctax55]

I heard that it is longer than the entire Harry Potter series of books.

[sjrcpa]

Those were easy reads.

[abctax55]

Susan, and enjoyable..... 

[psaund9860]

Any guesses as to whether we will be adding the 2nd stimulus to the stimulus worksheet?

Greta:  I cannot find the "solution to the answer"  Did you get the answer?

[Greta]

Yes, the economic stimulus worksheet seems to enter the two payments separately. If a client did not get the maximum, but is eligible in 2020 to additional stimulus, it is being given via the worksheet. My problem is for those who got some funds, but not all, for them to tell me precisely how much they got.