• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Stimulus payments start to arrive on Wednesday, although some banks gave people access already.

by

The stimulus money promised under the American Rescue Plan will hit the bank accounts of many Americans on Wednesday — the first official payment date — though some financial institutions chose to make the cash available to people even before it arrived from the government.

Not everyone eligible to receive a payment will get one on Wednesday, though. Additional rounds of payments will be made in the coming weeks, including for people who will receive theirs by mail as a check or debit card. You can check the status of your payment with the Internal Revenue Service’s Get My Payment tool.

Payments top out at $1,400 per person, including children and adult dependents. To qualify for the full $1,400, a single person must have an adjusted gross income of $75,000 or below. For heads of household, adjusted gross income must be $112,500 or less, and for married couples filing jointly, that number has to be $150,000 or below. Partial payments are available to people who earn more, but the amounts fall quickly.

The payments are calculated using the most recent information on file with the I.R.S., which could be your 2019 tax return if you haven’t yet filed for 2020.

If you’re newly eligible for a payment based on your 2020 income but haven’t yet filed your return, the law allows the Treasury Department to continue payments until September. If you don’t get one during that period, you can claim what you’re owed when you file your 2021 taxes.

View Source

Filed Under: BUSINESS Tagged With: American Rescue Plan (2021), Biden, Joseph R Jr, Content Type: Service, Government, Income, Internal Revenue Service, Money, Personal Finances, Stimulus (Economic), taxes, Treasury Department, United States

Primary Sidebar

More to See

What We Know About the Shooting in Highland Park

Chief Covelli said Mr. Crimo planned the shooting for several weeks, but that the authorities had not yet established what his motive was. “We have no … [Read More...] about What We Know About the Shooting in Highland Park

Kevin McKenzie and Martine van Hamel: On the Zen of Escaping City Life

Kevin McKenzie and Martine van Hamel were standing in the dining room of their weekend house in Woodstock, N.Y., trying to figure out when they got … [Read More...] about Kevin McKenzie and Martine van Hamel: On the Zen of Escaping City Life

Ford reports slight uptick in sales that misses analysts’ expectations

Electric Ford F-150 LightningAndrew Evers / CNBCDETROIT – Ford Motor on Tuesday reported a slight increase in second-quarter new vehicle sales that … [Read More...] about Ford reports slight uptick in sales that misses analysts’ expectations

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy