Trump's Signature Will Be On Paper Stimulus Checks


Economic Stimulus Package Tax Rebate Checks Printed

Economic Stimulus Package Tax Rebate Checks Printed

As of April 12th, Citizens started seeing their stimulus checks deposited into their bank accounts. However, there are other citizens who did not receive a direct deposit and it could be for a few reasons:

  1. You may not have filed taxes in 2018 or 2019. If you were required to, but have not, the IRS does require you to file before issuing your check. If you were not required to file due to your income, you should register as a Non-Filer and provide your bank information.
  2. If you filed, but owed and did not have a reason to provide your bank information.
  3. If you don't qualify. According to IRS.gov, eligibility requirements are:

U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:

  • $75,000 for individuals
  • $112,500 for head of household filers and
  • $150,000 for married couples filing joint returns

Taxpayers will receive a reduced payment if their AGI is between:

  • $75,000 and $99,000 if their filing status was single or married filing separately
  • 112,500 and $136,500 for head of household
  • $150,000 and $198,000 if their filing status was married filing jointly

The amount of the reduced payment will be based upon the taxpayers specific adjusted gross income.

Eligible retirees and recipients of Social Security, Railroad Retirement, disability or veterans' benefits as well as taxpayers who do not make enough money to normally have to file a tax return will receive a payment. This also includes those who have no income, as well as those whose income comes entirely from certain benefit programs, such as Supplemental Security Income benefits.

Retirees who receive either Social Security retirement or Railroad Retirement benefits will also receive payments automatically.

The IRS launched their Get My Payment tool today to check your status/provide bank information which you may want to do as soon as possible because Trump wants his signature on all paper checks being sent out. This could delay your checks even longer.

Although the IRS has their new tool to provide your bank info for direct deposit, it launched today and has been a bit overwhelmed. So, check on it later and have your bank info handy!

-Ambie

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