As stimulus checks and new child tax credit amounts can only be determined via tax returns, let's understand a little more about what the extended deadline and tax processes really mean.

The IRS extended the tax return deadline to May 17 but actually started processing 2020 returns on February 12, so as you can see, the sooner you file the sooner you may get your extra payments.

"The IRS is encouraging taxpayers to file electronically to avoid delays in processing paper…