You may have already received your $1200 stimulus check. If not, it’s coming soon. The IRS began sending out direct deposits over the weekend. Remember, if you reported annual income of less than $75,000 on your latest tax return, you get the full $1200, plus $500 per child under 17. If you reported between $75,000 and $99,000, you get less, but you still get something.
Regardless of how much you get, your goal should be to stretch it further. Here’s another way to double your $1200 stimulus check.
Invest In Your Home Office Or Workspace
You may be accustomed to working from home at least some of the time, but most of us aren’t used to working while simultaneously homeschooling the kids. Social distancing has transported our 9-to-5’s and classrooms into homes that may not be properly equipped. So why not use some of that $1200 check to hook up a new workspace for yourself or the kids?
GDF Studio has affordable desks and bookshelves that will allow you to reclaim your dining room table. All GDForders come with free shipping, and if you use some of your $1200 stimulus money to form a business, your purchase of office furniture and equipment is considered a business expense, and therefore tax deductible.
A new workspace and thriving business could more than double that $1200. Check back here for more tips on how to make your stimulus check work for you. Did you miss 5 Ways to Double Your $1200 Stimulus Check: Learn a New Skill? CLICK HERE to find out how you can improve your skill and prepare for a new career.
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