How to Get Your Coronavirus Stimulus Check FAST!!!
This video answers the following questions around the Coronavirus (Covid 19) Stimulus Check, which the IRS refers to as “Economic Impact Payments”.
In summary, to receive your payments as fast as possible (mid-April 2020) you need to make sure you file your 2019 tax return and that your direct deposit information is up to date with the IRS.
How much is the Coronavirus Stimulus Payment?
Who qualifies for the Coronavirus Stimulus Payent?
Who does not qualify for the Coronavirus Stimulus Payment?
Where to find your Adjusted Gross Income on your 2018 and 2019 tax returns?
When will the Stimulus Payment Arrive?
How is the IRS going to send you the Stimulus Payment?
What to do if the IRS does not have your direct deposit information?
What if you are not normally required to file a tax return? How do you receive your payment?
What to do if you have not filed a 2018 or 2019 tax return but still want to receive your Coronavirus Stimulus?
Links:
https://www.irs.gov/coronavirus
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
Adjusted Gross Income (AGI) Phaseout:
Individual Tax Filers with AGI of up to $75,000 for individuals and up to $150,000 for married couples filing joint returns, will receive the full payment. If your income is above these amounts, the payment is reduced by $5 for each $100 above the $75,000/$150,000 thresholds above. You will not receive benefits if you file as an individual and your AGI exceeds $99,000 or if you are file as married and your AGI exceeds $198,000.
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This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation.
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