28 September 2020 14:38
There's still hope that a new economic relief package with a second direct stimulus payment could be authorized by Congress before the Nov. 3 election. As negotiations move ahead to pass relief legislation with a second direct stimulus payment, here's what we know about who might qualify, including dependents who didn't get the first check--some 13 million people under 25. The most important decider in setting income limits is adjusted gross income, or AGI, which determines how much of the $1,200 for individuals and $2,400 for married couples you could receive if you meet the other requirements. Who could qualify for a second stimulus check Qualifying group Likely to be covered by the final bill Individuals An AGI of less than $99,000 (Same as CARES) Head of household An AGI of less than $146,500 (Same as CARES) Couple filing jointly An AGI less than $198,000 (Same as CARES) Dependents of any age No limit (HEALS proposal; up to 3 in Heroes) US citizens living abroad Yes, same as CARES Citizens of US territories Likely, with payments handled by each territory's tax authority (CARES) SSDI and tax nonfilers Likely, but with an extra step to file (more below) Disqualified group Unlikely to be covered by the final bill Noncitizens who pay taxes Proposed in Heroes Act, unlikely to pass in Senate Incarcerated people Excluded under CARES Act People who owe child support Included in Heroes proposal, but excluded under CARES People who weren't required to file a federal income tax return in either 2018 or 2019 may still be eligible to receive the first stimulus check under the CARES Act. If that guideline doesn't change for a second stimulus check, this group would qualify again. With the first stimulus check, nonfilers needed to provide the IRS with some information before they could receive their checks.
Those who are part of the Social Security Disability Insurance program also qualify for a check under the CARES Act. Recipients would not receive their payments through their Direct Express card, which the government usually uses to distribute federal benefits, but through a non-Direct Express bank account or through a paper check. SSDI recipients also need to use the IRS' Non-Filers tool to request a payment for themselves and dependents. We also have information on unemployment insurance, what you can do if you've lost your job, if you could receive two refund checks from the IRS and what to know about evictions. The letter is issued to make eligible receivers aware, also, for those who did not understand how to get a stimulus check. IRS Has Set A Deadline Of October 15 To Claim Your Stimulus Check So, if you haven't filed a federal income tax return, you must use IRS Non-filers tool by October 15 to get paid.
After that, the IRS will send your stimulus check if you are an eligible US citizen, permanent residents or qualifying resident aliens. Last week, the IRS sent out letters to more than nine million Americans who may be eligible to receive this $1,200 stimulus check. It is specifically targeted to those who may not file tax returns, unemployed or low-income, and those who may be considered homeless. The IRS suggests that these individuals request their checks by October 15th on their website's IRS Non-Filers Tool. WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi, the top Democrat in Congress, said on Sunday she thinks a deal can be reached with the White House on a coronavirus relief package and that talks were continuing.
The IRS is sending letters to about 9 million Americans who haven't filed a return for 2018 or 2019, but may still qualify for stimulus checks. The IRS announced that they would begin mailing out nine million letters on September 24 to notify people who might be eligible to receive a stimulus check and what they can do. Those eligible will need to file a return or use the Non-Filers tool before October 15 if they want to receive a stimulus check before the next tax season. To be eligible for a stimulus check, according to the IRS, you must be a U.S. citizen or resident alien, possess a Social Security number and remain unclaimed as a dependent on anyone else's tax return. Do I need to file a tax return? According to the IRS, you will need to file a tax return if you want to take advantage of the Earned Income Tax Credit and Child Tax Credit. Do I need to use the Non-Filers tool? You will need to use the Non-Filers tool to receive your stimulus checks if you were not required to file taxes because you did not make enough money. The IRS has said that having your taxes set up to be received by direct deposit will make receiving stimulus checks easier. The IRS has said that those who wait and attempt to claim their checks next year can claim a recovery rebate credit on their 2020 federal income tax returns. READ NEXT: Stimulus Checks 2: Where Mnuchin & Pelosi Stand With Talks Restarted