Like us and Share us on Facebook

 

4289460534?profile=RESIZE_710x

The Internal Revenue Service (IRS) released new guidelines on Monday to help Americans eligible to receive stimulus checks from the government, get their money as soon as possible.

Last week, Congress passed a $2 trillion stimulus relief package aimed at cushioning the economic blow dealt to the country by the coronavirus pandemic. Among the bill's measures, is a plan to send individual Americans making up to $75,000 a check for $1,200, and $2,400 for couples who make up to $150,000. Another $500 will be sent to individuals and couples who have children under 17.

According to the IRS, the best way for Americans to receive their money as soon as possible is by making make sure they've filed a tax return for 2019 or 2018 that includes bank information so the Treasury Department can direct deposit the money into your account.

"The vast majority of people do not need to take any action," the IRS states on its website. "The IRS will calculate and automatically send the economic impact payment to those eligible."

According to the guidelines, the IRS will use a person's 2019 return to calculate their eligibility for the check and automatically send money to them. Officials stress that no legitimate government officials or anyone from the IRS will ever ask you for your bank information.

If you haven't filed your 2019 taxes yet, the government will use your 2018 return to determine your eligibility. Officials say there is no need to call the agency, or sign up to receive the check.

If you didn't include your bank information the last time you filed your taxes, the Treasury Department said it will develop a web-based portal over the next few weeks where individuals can submit their banking information to the IRS online, so they can receive their payments immediately instead of waiting for a check.

Individuals who make more than $75,000 will see their payments reduced by $5 for every $100 above the $75,000 threshold, with payments phasing out for people who make more than $99,000. For couples, the amount is also reduced with payments completely phasing out for those who make more than $198,000.

Americans who weren't required to file taxes over the last two years will have to file what's known as a "simple tax return" that will give the IRS some basic information, such as filing status, number of dependents, and bank information.

"Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax," the IRS said.

You need to be a member of Smack'em Radio to add comments!

Join Smack'em Radio

Email me when people reply –

Share It

Tony is now a member of Smack'em Radio
yesterday
Boss posted a blog post
Rising artist BMS G$ is back with a hot new single titled "GREAT." Check out the official video below and follow him on IG for his latest releases.RConnect:https://www.instagram.com/Bmsgmoneyhttps://allmylinks.com/bmsgmoney
Jul 20
Boss posted a blog post
 Philly’s latest upcoming star Zay Boogie drops "Level Up" Video and has the streets going crazy!!Connect:Ig @zayboogie.23 
Jul 17
Boss posted a blog post
Beama is a Northern California based rap artist who migrated from Chicago in his early teens. Using witty lyrics with a satirical approach reminiscent of Mark Twain, Beama projects the image of a young African American male struggling and surviving…
Jul 15
Smack'em Radio shared their blog post on Facebook
Jul 13
Boss’s blog post was featured
After building the foundations of their company structure and recruiting local talent, None Entertainment has sold out various shows across their country and are ready to expand to a showcase to a global audience.None Entertainment is an emerging…
Jul 13
Smack'em Radio favorited Boss's blog post Independent Record Label From New Zealand Ready to Take its Roster Onto the Global Stage
Jul 13
Boss posted a blog post
After building the foundations of their company structure and recruiting local talent, None Entertainment has sold out various shows across their country and are ready to expand to a showcase to a global audience.None Entertainment is an emerging…
Jul 13
Smack'em Radio shared their blog post on Facebook
Jul 11
Sam Hoody’s blog post was featured
 The Crown Prince of the Ville (Louisville) Ky, is back after dropping the heartfelt Ep Mr.17th , and the cinematic visual to " Movies" the Team 563 C.E.O gives you Episode 2 of his #Mr17th Vlog series, taking fans on a up & close and personal look…
Jul 11
Smack'em Radio favorited Sam Hoody's blog post #Team563 Presents Philly Blocks (@Phillyblocks) #Mr17th Vlog Episode 2 (CEO)
Jul 11
Smack'em Radio shared their blog post on Facebook
Jul 11
Smack'em Radio favorited Boss's blog post Rich T - "'Beyond Your Means"
Jul 11
Boss posted a blog post
Rich T is an alternative rapper/producer from London (UK) who channels golden era hip hop's combination of fun beats and social commentary, whilst using modern mixing and production techniques to create his own sound. 'Beyond Your Means' is Rich T's…
Jul 11
Boss posted a blog post
My New Plug owner Bing talks about his secrets to success and making over $100k/year after starting his own marketing agency Dedicating his career to uniting and building upon the entertainment industry, My New Plug owner Bing works to assist a…
Jul 7
Boss posted a blog post
‘Classic OG’ highlights the triumphs of JJ Finesser. “The opposite of courage in our society is not cowardice, it is conformity. Hence, the title ‘Classic OG’. The temperament & values of society are accentuated by the arts. Nowadays, the market is…
Jul 7
More…

BMS G$ - "GREAT."

Rising artist BMS G$ is back with a hot new single titled "GREAT." Check out the official video below and follow him on IG for his latest releases.

R…

Read more…
Comments: 0

Beama - "Pain"

9253807884?profile=RESIZE_710x

Beama is a Northern California based rap artist who migrated from Chicago in his early teens. Using witty lyrics with a satirical approach reminiscent of Mark Twain, Beama projects the image of a young African American male struggling and surviving during his generation. 

 …

Read more…
Comments: 0

Rich T - "'Beyond Your Means"

9230795854?profile=RESIZE_710x

Rich T is an alternative rapper/producer from London (UK) who channels golden era hip hop's combination of fun beats and social commentary, whilst using modern mixing and production techniques to create his own sound. 'Beyond Your Means' is Rich T's debut single - it's a hard hitting and humorous track which tells the listener to 'Always…

Read more…
Comments: 0

Get To Know My New Plug Owner Bing

9212749093?profile=RESIZE_710x

My New Plug owner Bing talks about his secrets to success and making over $100k/year after starting his own marketing agency

 

Dedicating his career to uniting and building upon the entertainment industry, My New Plug owner Bing works to assist a variety of…

Read more…
Comments: 0

Kidrock Dollaz - "It Is What It Is"

Hailing outta Farrockaway Queens Kidrock Dollaz. The queens based MC has a style heavily reminiscent of ’90s New York hardcore rap, while sounding fresh enough to compete with the contemporary hip-hop landscape. Kidrock would find his inspiration in local artist…
Read more…
Comments: 0