Millions of Americans are waiting for checks from the federal government to help them through economic fallout from the coronavirus outbreak. The IRS has set up a website to help people track the so-called economic impact payments, as well as determine payment eligibility.
Payment status can be checked here.
What is a ‘Simple” Return?
A “simple” return is a quick way to submit information to the IRS for the sole purpose of getting stimulus money. Only qualifying taxpayers without a filing requirement and did not file federal returns for 2019 and 2018 will need to file a “simple” return in order to receive stimulus money.
To file a “simple” return you will need the following information:
Los hogares deben cumplir con los tres requisitos criterios siguientes para ser elegibles para recibir asistencia a través de la iniciativa Tarjeta Angelino:
In the coming weeks the Treasury Department plans to distribute automatically economic impact (stimulus) payments, with no action required for most people. Social Security recipients and railroad retirees who are otherwise not required to file a tax return are automatically eligible and will not be required to file a return. However, some individuals such as low-income workers and certain veterans and individuals with disabilities who typically do not file returns will need to submit a “simple” tax return to receive stimulus money.
If you need to file a simple return please call us at 818 899-9617
El pago se reduce en un cinco por ciento de cada dólar por encima de la marca de ingresos de $ 75,000 por año y las personas que ganan más de $ 99,000 y las parejas con un ingreso combinado de más de $ 198,000 no calificarán. Los contribuyentes conjuntos que $ 198,000 o más por año también están exentos de recibir el pago.
Según el progressive Economic Policy Institute, los inmigrantes que presenten impuestos utilizando un Número de Identificación de Contribuyente Individual (ITIN) en lugar de un Número de Seguro Social estarán exentos de pagos, lo que según la institución excluye a un estimado adicional de 4.3 millones de adultos y 3.5 millones de niños. del beneficio Los cheques únicos también irán solo a aquellos estadounidenses que hayan presentado una declaración de impuestos este año o en 2019.
Americans have received conflicting information on when they will receive stimulus checks due to the economic fallout from the coronavirus pandemic. But there’s good news: Checks will be hitting their bank accounts soon.
Automatic payments are set to begin next week. Eligible taxpayers who filed tax returns for either 2019 or 2018 and chose direct deposit for their refund will automatically receive a stimulus payment of up to $1,200 for individuals or $2,400 for married couples and $500 for each qualifying child, the IRS said Friday.
What if I did not file a return in 2018 or 2019 ?
The non-filer tool provides a free option designed for people who don’t normally file a tax return, including those with too little income to file. The IRS said stimulus payments will be distributed to most Americans starting next week.
Here is the link
https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
U.S. citizens or resident aliens who:
The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.
State tax returns
California deadline – July 15, 2020
Other states please check with your state for deadline information.
New California tax filing and tax payment deadline has been extended from April 15 to July 15, 2020 (due to COVID-19 pandemic).
This extension is automatic you don’t have to apply for it. Make sure not to wait until the last day. The faster you file the longer you have to make payments on it without having to pay interest. After July 15, 2020 you would have to pay interest if you owe money to the IRS.
If you have any questions about filing your taxes here at Yessenia’s give us a Call and we can help you.
Officials are still urging people to file by April 15, especially if they are expecting a refund. In the same press conference, Mnuchin said the Trump administration wants to get cash payouts to Americans unrelated to taxes within the next two weeks.
Taxpayers and small businesses that traditionally face an April 15 tax deadline will be allowed more time to pay their taxes due, until the new deadline of July 15, 2020, with no penalties or interest charges. All individual U.S. taxpayers qualify for this extension.
You should still file your taxes before April 15, 2020. If you have any questions call Yessenias Income Tax at 818 899-9617
You can make a payment using our secure web payment page.