A stimulus check from the federal government will arrive in people’s bank accounts or through the mail, but an exact time period has not been announced.
A person making up to $75,000 a year will receive a payment of $1,200.
A married couple making up to $150,000 a year will receive $2,400.
Parents will also receive $500 dollars for each child under 17.
Most taxpayers don’t need to do anything.
The IRS will automatically use information from your 2019 tax return. If you’ve not filed yet, the IRS will us information from your 2018 return.
Many people on Social Security don’t file a tax form. Here’s what you need to know.
Lori Carpenter from Stadler and Company says, “If they have social security, disability or railroad retirement they will not need to do anything typically. The IRS will match up their 1099 with them and send out that payment.”
Some people with lower incomes may not have been required to file tax return. They will want to do that to get their stimulus money.
You can file a free return by CLICKING HERE.
You may also want to file a free return if your on Social Security or disability if you have children, so that you can get the $500 per child.