LEXINGTON, Ky. (WKYT) – As Congress continues to debate more COVID-19 benefits for Americans, some people are already receiving stimulus control.
The latest round of incentive checks is up to $ 600 per person. Those who qualify include:
– Married couples earning less than $ 174,000
– Single people earning less than $ 87,000
– Dependent children under the age of 17
– Beneficiaries of social insurance and VA beneficiaries
One of our spectators asked “when will I receive my check and how?” Financial Advisor Rob de Lassio says the IRS is sending payments now.
“Obviously, if you have submitted electronically and receive the tax returns electronically, they will send the funds in electronic format. If you send the e-mail snail and receive checks, yours will take a little longer “, said de Lassio.
Chailee Sizemore received a check, $ 600 for her and $ 600 for her daughter, Lee Ann.
“It made me feel good because now I can pay my electricity bill,” Sizemore said.
Payments are based on your 2019 tax returns. If your financial condition has changed this year, you may receive the incentive.
One of our spectators asked if he would receive a stimulus check if he had a child this year. Certified public accountant Dana Overall says yes.
“When you submit your tax return for 2020, that person will enter the new child in the tax return. They will actually receive this incentive money as a credit in the tax return “, said Global.
Experts say that the sooner you file your 2020 taxes, the better and that taxes will not be removed from incentive checks.
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