 TITLE: How Will COVID-19 Affect Your Taxes? CONTENT: Tax Season Is off to a Late Start\n---------------------------------\nThe IRS usually begins processing tax returns in mid-January, but this year it didn't begin until February 12. In a more normal time, you might think this buys you some extra time to do your taxes. But in COVID times, you may actually want to get a jump on your taxes. While the IRS extended the federal tax deadline to May 17 this year, if you expect a refund, it's best to file your return ASAP. The fastest route to a refund is to e-file and link your bank account for direct deposit.\nAdditionally, if your 2019 income did not qualify you for economic stimulus payments but your 2020 income might, filing your 2020 taxes sooner could enable you to receive stimulus payments. The upshot: Don't wait. END