LEXINGTON, Ky (WKYT) – While Congress continues to discuss more COVID-19 relief for Americans, some people are already getting a stimulus test.
The last round of stimulus tests 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 17
– Recipients of social security and beneficiaries of VA
One of our viewers asks, “When do I get my check and how?” Financial adviser Rob de Lassio says the IRS is now sending out payments.
‘If you have submitted electronically and received your tax returns electronically, it will send the funds electronically. “If you do snail mail and receive checks, yours will take a while longer,” said de Lassio.
Chailee Sizemore received a check, $ 600 for herself and $ 600 for her daughter, Lee Ann.
“It made me feel good because now I can pay off my electric bill,” Sizemore said.
Payments are based on 2019 tax returns. If your financial status has changed this year, you may still receive the stimulus.
One of our viewers asked if she was going to get a stimulus test this year or if she had a baby. Certified Public Accountant Dana Overall says yes.
‘When you file your tax return for 2020, the person will name the baby on the tax return. They will receive this stimulus money as credit on their tax return, ”Overall said.
Experts believe that the sooner you submit your 2020 tax, the better, and that tax will not be removed from the stimulus test.
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