Government Taxation And Revenue

Government Taxation And Revenue

Who's eligible for COVID-19 stimulus checks? Your questions, answered

Who's eligible for COVID-19 stimulus checks? Your questions, answered #investinyou (In partnership with @acorns.)

4/1/2020 5:59:00 PM

Who's eligible for COVID-19 stimulus checks? Your questions, answered investinyou (In partnership with acorns.)

The $2 trillion coronavirus stimulus bill is the largest emergency aid package in U.S. history. Of the hundreds of questions we received about this new legislation, the biggest concern is just who is eligible for this relief payment.

Erin Schaff | Getty ImagesThe $2 trillion coronavirus stimulus bill, signed into law on March 27, is the largest emergency aid package in U.S. history. Known as the CARES Act, it will send money directly to tens of millions of Americans affected by the coronavirus. Of the hundreds of questions we received about this new legislation, the biggest concern is just who is eligible for this relief payment. I spoke with several financial advisors to get answers to your questions.

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If you haven't filed taxes yet for 2018, will you still receive a check because of the coronavirus?You should file a tax return as soon as possible. The IRS will use information on your 2018 or 2019 tax return to determine whether you are entitled to an "economic income payment" and the amount you should receive. If you didn't file a tax return for 2019, the agency will use your 2018 return.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.Individual tax filers with adjusted gross income up to $75,000 (up to $150,000 for married couples filing joint returns) will receive the full payment. For filers with income above those amounts, the payment amount is reduced and then phased out for individuals whose income exceeds $99,000 (or $198,000 for joint filers with no children).

"Anyone who has not filed either return should file a return for 2019 as soon as possible, even if they owe no taxes," said tax policy expert Richard Winchester, a visiting professor at Seton Hall University School of Law. "That will prevent them from being overlooked for these payments." Also, make sure to include direct-deposit banking information on your return so the IRS knows where to send the check.

Anyone who has not filed ... should file a return for 2019 as soon as possible, even if they owe no taxes. That will prevent them from being overlooked for these payments.Richard Winchestertax policy expert and visiting professor at Seton Hall University School of Law

Read more: CNBC »

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AI Might Spot At-Risk COVID-19 PatientsDeveloped by U.S. and Chinese researchers, the artificial intelligence (AI) program has been tested at two hospitals in China with 53 patients who were diagnosed in January with COVID-19. The new tool is considered experimental and is now in testing. I'm delighted at this news! Thanks to the tireless efforts of those on the front lines as we battle this pandemic. It's also an opportunity to rethink global health care as a whole and to be at least as efficient if not more than the Covid-19 my2cents the most effective way to save new patient's complaining of S.O.B. and difficulty breathing is to act first then question. order immediate ABG, analyze PH, Pac02, Hc03, and very important Pa02 for ratio, if 300 or less patient in respiratory distress, no AI, just common sense.

Rihanna Donates Personal Protective Equipment to New York for COVID-19 OutbreakThe governor personally thanked the pop star.

South Korea keeps covid-19 at bay without a total lockdownSouth Korea's government worries that widespread testing will not be enough to stop new clusters of covid-19 emerging There is going to be new waves but their preventative efforts and measured scientific responses will keep them in a good way. World is greatly admiring their leadership by way of example. Thank you South Korea!❤️ I understand the tests are only 70% accurate so while testing is good there is a 30% chance that those testing negative will have the virus and those people will drop their guard. Shit. At least they’re worried.

Congressional Hispanic Caucus calls on ICE to release detainees amid COVID-19 crisisDetainees live in close quarters, can't frequently wash their hands, don't have sanitizers and have to buy their own soap. NBCLatino Idiots. Why is this what we are even talking about. NBCLatino They can't be sent back to their countries of origin if they are infected. NBCLatino Americans call on our government to use the allotted stimulus funds for deportations!

“Yeah, We Should Have Our Wills Ready”: What Happens When Both Parents Get COVID-19The CDC told them not to hug their daughter. When the 7-year-old cried, she took off her daughter’s sock and rubbed her foot.

Bianca Bonnie 7 Months Pregnant As Baby's Father Chozus Diagnosed with COVID-19 (Exclusive Details)'People are dying left and right and I just think [the delivery date] is very close,' says the rapper (via toofab) TooFab Matthew 19 Woe to pregnant and nursing mothers in those days! 20 Pray that your escape may not be in winter or on a Sabbath. 21 For at that time there will be great tribulation, the kind that hasn’t taken place from the beginning of the world until now and never will again!