Stimulation controls: the IRS files the first wave of stimulation controls

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The first batch of stimulus payments promised to US taxpayers as part of the coronavirus pandemic was deposited directly on Saturday, the Internal Revenue Service announced.

“We know that many people are anxious to receive their payments; we will continue to issue them as soon as possible, “the agency said. tweeted Saturday night.

Direct deposits will continue to be issued in the coming days to taxpayers, starting with those who filed taxes for 2018 and 2019. This includes Social security beneficiaries who has filed federal income tax returns containing information about direct deposit.

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People with disabilities, the working poor, and some veterans who are generally not required to file an income tax return are still eligible for economic benefits payments. The Department of the Treasury and the Internal Revenue Service announced that they have launched a new web-based tool for quickly recording economic impact payments for these individuals.

But the Associated Press has reported that some people without direct deposit information may not receive their checks until mid-August.

The agency also announced that it will launch a tracking tool called “Get My Payment” by April 17 to give Americans a sense of when they expect to receive a deposit or check in the mail.

Cash transfers are a key part of the US government’s $ 2.2 trillion economic rescue plan adopted in March in response to the coronavirus pandemic.

As part of the economic assistance plan, individual taxpayers will receive $ 1200 each if their adjusted gross income (AGI) is less than $ 75,000. However, those who report more than $ 75,000 will receive less based on their total AGI.

Married couples will receive $ 2,400 if they earn less than $ 150,000 in adjusted gross income. Taxpayers will also receive $ 500 for each of their children, regardless of their income level.

People who earn more than $ 99,000 are completely eliminated from the stimulus package. Married couples earning more than $ 198,000 (and no dependent children) are also not eligible for payments.

In the United States, workers without a green card are not eligible, according to the bill.



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