Have you received your stimulus check yet? Here's some advice from Brian Douglas on what you need to know if you haven't gotten your check yet.
With the Shelter in Place Order being in full affect, has anyone else taken up participating in a family group chat to keep in touch with your loved ones who do not live close by? Some of you may have already been involved in the mass texting trend or video chats, and if your family is anything like my family, stimulus checks have been a hot topic of conversation. Particularly, when the checks will be received, where the checks will be sent, and how much we'll get. Many people have been let go, whether temporary or otherwise, or have received a pay cut due to the COVID-19 pandemic, so any additional help is always appreciated.
The good news is, we have answers to those questions!
When: The first batch of stimulus checks were sent out on Saturday, April 11th, and should have been directly deposited into your account Wednesday, April 15th.
Where: If you filed a 2018 or 2019 Tax return, or received Social Security Benefits, the payments will be directly deposited into the same bank account(s) that were used for filing said taxes.
For those who haven’t received the money, the IRS website has a “Get My Payment” tracker where you can look up when to expect your deposit. If you did not have to pay income taxes or do not receive Social Security Benefits, you can go here to submit your information to receive the direct deposit.
How Much:
$1,200 checks to adults who filed their income tax under the classification of “single”, who had an adjusted gross income below $75,000, and those who filed as “head of household” with an AGI of less than $112,500
$2,400 for married couples who filed taxes jointly, and made less than $150,000
Additionally, the government will pay all classifications of filers an additional $500 per dependent child.
For more information, you can visit the Economic Impact Payment Information Center on the IRS website.
Next week, we will be going over Governor Kemp's Executive Order on remote notarization and witnessing and how that affects you. So, be on the lookout!
Sincerely,
Brian M Douglas ... See more
