The IRS deposited the first wave of stimulus checks to Americans, part of the $2.2 trillion economic relief package Congress passed in March
"#IRS deposited the first Economic Impact Payments into taxpayers' bank accounts today. We know many people are anxious to get their payments; we'll continue issuing them as fast as we can," the IRS wrote Saturday evening on Twitter. Stimulus check: How much can you expect?Deposits will continue in the days ahead, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.
The income thresholds would be doubled for couples.For those who haven't filed a return for either 2019 or 2018, the IRS urges them to do so quickly including for those who don't normally need to file a tax return. That includes individuals who earned less than $12,200 in 2019 and couples who earned less than $24,400.Meanwhile, the IRS expects to start issuing paper checks the week of May 4, according to the House Democratic memo.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IRS says stimulus payments will begin next weekThe Internal Revenue Service said Friday that some stimulus payments will start going out next week, starting with people who have filed tax returns for 2018 or 2019 and authorized direct deposit.
Read more »
IRS (Finally!) Launches Registration Tool For Stimulus ChecksTaxpayers who don’t usually file a tax return now have a new tool to get stimulus checks through the Treasury Department and the Internal Revenue Service (IRS).
Read more »
Coronavirus stimulus checks: IRS releases new 'simple tax return' to help Americans get theirsIRS releases new “simple tax return” to help Americans get coronavirus stimulus checks. The form is intended assist the federal government in knowing where to send the cash for those who don't normally file.
Read more »
IRS, Treasury launch online tool to get stimulus payments to nonfilersThe Treasury Department and IRS launched a tool designed to ensure that people who don’t normally file tax returns won't miss out on upcoming economic stimulus payments
Read more »