Under the coronavirus relief package, single people earning incomes below $75,000 will receive a direct payment for as much as $1,200. Here's what you need to know about the checks 👇
Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some.About 90% of households — approximately 165 million — will benefit from direct payments, according to the Tax Policy Center. Xinhua News Agency/Getty Images toggle caption Xinhua News Agency/Getty Images About 90% of households — approximately 165 million — will benefit from direct payments, according to the Tax Policy Center. Xinhua News Agency/Getty Images $2.2 trillion coronavirus relief package marks the largest rescue package in American history. President Trump announced Wednesday that it includes $300 million in direct payments to individuals to alleviate at least a little of the financial pain caused by the deliberate near-standstill of the U.S. economy. But despite promises that the one-time funds will be distributed"within the next three weeks," it will likely be months before the stimulus checks hit bank accounts according to experts. Under the plan, single people earning incomes below $75,000 will receive as much as $1,200 as"direct payments into most people's deposit accounts," Treasury Secretary Steven Mnuchin said at a news briefing on Wednesday. Married couples would get $2,400, and parents would receive $500 for each child under age 17. About 90% of households — approximately 165 million — would benefit from the checks, according to the Tax Policy Center. Payments would be phased out beyond those income limits, and people making more than $99,000 will not be eligible at all. How soon can I expect my check? "It really depends on what information the IRS has on you," Kyle Pomerleau, a resident fellow at the right-leaning American Enterprise Institute, told NPR. That's because the infusion of cash will be distributed by the IRS, so those who have previously received tax refunds via direct deposit will be first in line for the rebate checks. Pomerleau, estimates the earliest those payments will go out is three to four weeks after the package is approved. Alternatively, people who receive tax refunds through the mail will have to hold out much longer. "I don't think physical checks will be in the mail for another three to four months," Pomerleau said, citing delays in the system in 2008 when the government last issued national stimulus payments under the George W. Bush administration. Back then the financial relief package was signed into law in February but the delivery date for people whose checks were sent through the mail was somewhere between May and July. There's another group who may have an even longer wait: Those who receive tax refunds in the mail and have moved since filing 2018 taxes. "So far there's no information on how [the IRS is] going to handle that," he said. What if I didn't file 2018 taxes? Pomerleau says nonfilers, including recent college graduates, and those who didn't file 2018 taxes because they had no obligation,"would be left out unless they hurry up and file a return for 2019." Americans receiving Social Security benefits are also on file with the government and their payments will be based on those records, he added. What if I made more than $99,000 in 2018 or 2019? Those who earned more than $99,000 are not totally shut out from the massive relief package if they expect to make less than that sum in the coming year. The IRS will allow tax filers to qualify for the relief aid next year, when filing 2020 taxes. "That of course is no good for someone who needs to pay their bills today," Pomerleau said,"but all is not lost." Other holdups Janet Holtzblatt, a senior fellow at the Tax Policy Center, suspects the IRS's infrastructure, or lack thereof, will create even more delays for desperate people. In the past it has taken several months for the government to develop, test and install the kind of software necessary to launch a rebate program. But it is unclear, what if anything, the administration has done behind the scenes so far. "It takes several months to get a program like this up and moving," Holtzblatt told NPR. "I hope that they've been building their infrastructure in the days between when they first announced they were going to do this and the day of enactment," she said, adding that in 2008, the process took at least three months. Impact of COVID-19 on the IRS Another unknown factor, that Holtzblatt says needs to be considered is how the COVID-19 disease is going to affect the capacity of the IRS staff to ensure the timely delivery of the payments. As she noted in a recent blog post : "The IRS already has taken steps to protect its workers and taxpayers from the coronavirus. Last week, all Read more: NPR
Exactly how much AFTER TAXES? 🤔🙄 “It won’t bring much our way but more dust bowl days” Natalie Merchant They'll bounce? Not if US Rep Massive has anything to do with it. I suggest each senator/US Rep, ,CEO, white house administrator, etc., donate part of his/her salary to the relief fund to asway Mr Massie's concerns
we 1,200 and they get a 32,000 dollar raise. seems fair. The Pittance. The key words: AS MUCH AS $1200.00!!! National Public Radio , nonsense . Constantly broadcasting themselves as nonpartisan ,objective, reporters. They used to be educational and informative Now just sad drivel. Gross or adjusted? This bill has more pork than Mu Shu, Can the Democrats pull their greedy fingers back for ONCE in their greedy life?
The Body Coach Joe Wicks 'wanted by Channel 4 and BBC to host live workout show'Joe Wicks has proved to be a homeschooling sensation as his daily PE sessions for kids are watched by more than one million people leading to TV channels wanting his services DailyMirror Currently he is doing this for free (or is he?), if he were to receive any payment would this be classed as profiteering? It's not like he needs the money!!! DailyMirror He can get to fuck!
$300 Million out of $2.2 TRILLION goes back to *some* the tax payers. Seems fair. 🙄 What's not mentioned in the article, married couples filing jointly will get $2400 if they make less than $150,000 annually. I suppose it could be implied if individual filings is less than $75,000. I find using Ben Franklin's image offensive. Are you paying for the privilege? Are you compensating his family?
Keep the check. Give me tax relief, mortgage and bill assistance. Now, We are All Socialist Begging for Government Money, Assistance, Masks, Gloves, PPD, & Free Healthcare When We are On A Respirator. Socialism coronavirus Covid19 governmentcheese A Better Healthcare System Begins With Universal Coverage.
“As much as $1,200” but not guaranteed that much. Could be $100? How do they determine. Asking for someone whose 2018 return was much better than 2019 return, which was much better than current situation... What's up with the under 17 rule? They don't get the adult amount and their (likely) caregivers aren't given the child amount? Sorry 17 year olds, you don't count.
Wow I'm saved. Are you going to donate the $75 million your getting from the Democrats to those who have lost their jobs. A farce you guys are profiting from this. Bfd
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The bill isn’t signed yet lol You know not a single penny is going to be sent out in the end. 3 to 4 monthes🤦♂️ What you need to know about the checks is...they ain't coming anytime soon. GOPStimulusSCAM But if I make $74,000 a year and the $1,200 puts me over $75,000, do I have to give it back? Why doesn't NPR tweet about the $75 MILLION that they got in the coronavirus bill?
Anyone in any city is that far in the hole already. Whew, thank goodness. That will cover me and my child, and no income for like, 2 weeks. While Trump and his wealthy donors, and corporations get millions/billions It’s offensive Bulgarian boys.
The New Trump Show: ‘I’ve Gotten to Like This Room’Over the past two weeks, President Trump has turned the all-but-abandoned briefing room into the set of a largely unscripted television series that has gripped, worried and (depending on one’s political affiliation) infuriated viewers My god he’s managed to fully make this a reality show. I don't watch his prime time disinformation hour. I watch my own Governor for real information. pritzker The orchestrated promotion and adoration of psychotic 'Business Leaders' over intellectuals in American society is what created 'President Trump' in the first place. Corporate Media needs to take much of the blame.
David Cameron who hates America wants people to give him relief money. Unbelievable, I'd be shocked he stole the ransom. Make mine out to Biden Oh sweet, pays our rent and part of a student loan payment. It’s all so ridiculous. The nadir of the once mighty American culture Worthless NPR has become hate propaganda. This is not what we need at this time. The hate rhetoric needs to stop
After the election... If you vote properly It's a pittance. Shame.
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