If you are one of those people who have not yet received the $ 1,200 or $ 600 check authorized by the federal government, you can claim it in your 2020 tax return, which began a week ago.
“There are taxpayers who, for various reasons, have not yet received $ 1,200 or $ 600 or have not received compensation for their dependents. OR [experimentaron] demographic changes. To give you an example that a new addict was born for that taxpayer in 2020, you can apply for a $ 600 addict from the $ 1,200 retroactive program. The same way, [puede solicitar] the additional $ 500 for the second economic stimulus program, “Treasury Department Secretary Francisco Parés told a news conference.
According to the official, people must present this information in Annex B3 of the statement and will allow them to request these incentives if they have not received them or if they are entitled to an additional payment for their dependents.
“[El anejo B3] Its main purpose is to allow people who understand that they have not received the $ 1,200 and $ 600 incentive in whole or in part, as required by law, because they can make this reconciliation and make the appropriate claim through return. ” said Parés.
People who received an e-mail informing them of the amount of funds they received about these incentives, Parés explained that it is a measure to inform the person about the total amount they received according to the records Treasury.
“The economic impact notifications that have been sent are essentially required by law, if the Treasury Department informs the public how much the Treasury Department, according to our records, has paid for this economic impact payment. Especially from $ 1,200 and $ 600 programs. This also helps transparency and the person knows how much the Treasury Department has sent it to that person and that it helps the person to complete this new program included in the statement which is the B3 program, “he added.
While Parés alerted people to this, if they did not receive the $ 1,200 or $ 600 checks, check to see if the names and social security numbers match the Treasury records.
“It simply came to our notice then 3% of social security was prevented from receiving the incentive either as a taxpayer or as a partner or dependent in cases where non-compliance with this requirement imposed by the federal government applies, “he said.
“Good practice, in cases where you have not received payment, check your social security card and see how your name and social security number are written and make sure that these names and social security are submitted at the time of application and declaration. the number fits perfectly. It’s not approximate, but perfect with what that social security card says. If it does not match, DH is completely prevented from being able to issue payments, “Parés added.
PUA, unemployment and checks of $ 1,200 and $ 600 are not taxable
For his part, Parés reiterated that the controls people have received for Pandemic Unemployment Assistance (PUA) and unemployment are not taxable, but must be reported. He also pointed out that checks for $ 1,200 and $ 600 are also not taxable, but must be reported on the return in accordance with Annex B3.
“I clarify: for purposes in Puerto Rico, both the PUA, regular unemployment, and the $ 1,200, $ 600, are economic benefits that are not subject to tax in Puerto Rico. I emphasize this. There is certainly a list of exempt income in our income tax return, Annex IE. My recommendation is that they follow the instructions included in the return and report this income. But it is informative for the state, they are not taxed “said Parés.