Wednesday, April 1, 2020

US TAX RELIEF - $1,200,00

Coronavirus Tax Relief, direct deposit are coming.


https://www.nbcnews.com/politics/congress/coronavirus-checks-direct-deposits-are-coming-here-s-everything-you-n1168936

If you made less than $75,000 in 2019, you will be eligible for the full payment of $1,200. Couples who filed jointly and made less than $150,000 will get $2,400. An individual who filed as "head of household" and earned $112,500 or less gets $1,200.

There's no sign up. The payments will be automatic for people who have filed a tax return or gotten Social Security benefits recently. The IRS asks people not to call with questions, but to keep checking this website where they will post updates about the program once they are available.
https://www.irs.gov/coronavirus

The distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment. Please do not call the IRS about this. When more specific details become available, we will update this page.

If you've gotten a tax refund in the last two years by direct deposit, that's where the money will be sent. If not, the IRS can mail a check to your "last known address," and it has 15 days to notify you of the method and amount of the payment. They'll send a phone number and appropriate point of contact so you can tell them if you didn't receive it.
If you’ve moved recently, it may be a good idea to notify the IRS as soon as possible. The IRS also suggests that if you haven't yet filed a tax return for 2018 or 2019, do it as soon as you can, so that the government has your up-to-date information on file.


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