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The CARES Act of 2020

Most of our clients will receive an Advance Rebate of $1200 ($2400 if MFJ) and $500 for each qualifying child (a dependent that qualified for the $2000 tax credit). The Advanced Rebate is based on the Adjusted Gross Income (AGI) of the 2019 tax return or the 2018, if 2019 has not been filed yet. […]