One week after the approval of the distribution plan and the payments of the third economic impact payment of the $ 1,400, Secretary of the Treasury Department (DH), Francisco Parés Alicea, reported that they were sent $ 2,200 million to 937,288 families, exceeding what was designed.
“Payments are accelerating and updated today we have already completed 53% of payments, this is beyond what I had planned. We anticipate that we could complete 70% in four to five weeks and we expect to exceed that figure in three weeks. We send an average of 200,000 payments a day from Monday to Friday and we will continue at this pace for the next few weeks, until the process is completed, “the official said.
To make payments, the Department uses the information of taxpayers in the 2020 Declaration and the 2019 Tax Return, if they have not yet submitted. For people who are not required to file a return, the information in the alternate form they submitted last year is used to receive the first two incentives of $ 1,200 and $ 600, respectively.
Parés Alicea stated that The federal aid payment program does not interrupt salary processing nor the payment of refunds for the tax cycle for 2020. “Approximately last week $ 34 million in refunds of about 40,000 tax forms on individual income and we will continue to work in parallel with the two projects “, he added.
On the other hand, the secretary received the visit of the governor today Pedro Pierluisi, to take a tour of the information technology area and the Unified Internal Revenue System (SURI) project, where work is underway to distribute the new economic stimulus.
Parés Alicea explained that this plan reaches 3.5 billion dollars and is expected to have an impact approximately 2.6 million people in Puerto Rico.
Pierluisi met with Secretary Parés Alicea and his team, who presented the department’s Strategic and Operational Plan, which includes developing objectives, including implementing fiscal policies, transforming accounting programs and innovating services.
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