Navigating the Stimulus Programs

PUBLIC PROFILE

Back to topics

About Federal CARES Act

IRS: Economic Impact Payment Information Center latest information as of 8 April 2020

You need to be logged in to post messages

IRS: Economic Impact Payment Information Center latest information as of 8 April 2020

4/8/2020 12:07 PM EDT

no photo

By Johnnie Lloyd

Looking for who is eligible or not, what actions you need to take for Economic Impact Payment from the IRS perspective? Check out this link: https://www.irs.gov/coronavirus/economic-impact-payment-information-center

1. 4/8/2020 12:09 PM EDT

According to IRS the following criteria is used for who is NOT eligible to obtain subject payments:

Although some filers, such as high-income filers, will not qualify for an Economic Impact Payment, most will.

Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:

  • Your adjusted gross income is greater than
    • $99,000 if your filing status was single or married filing separately
    • $136,500 for head of household
    • $198,000 if your filing status was married filing jointly
  • You can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return.
  • You do not have a valid Social Security number.
  • You are a nonresident alien.
  • You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019.
1 result found