Questions On Stimulus Checks

Naturally many questions have come up about the stimulus payment process and the irs has been scrambling to address them.

Questions on stimulus checks. As with anything tax related there s a. Business finance one of the biggest questions of 2020 and potentially further is whether or not your stimulus check will be taxed. Congress in december includes funding for a second round of stimulus checks.

In contrast the first stimulus checks were 1 200 per individual or 2 400 per married couple filing jointly plus 500 per child under 17. In this march 27 2020 file photo president donald trump signs the coronavirus stimulus relief package in the oval. How much money can you expect to get.

Lee says single taxpayers will receive 600 married couples 1200 and an additional 600 per child dependent under the age of 17. It s not every day the government cuts you a check no questions. The homeless social security recipients and people not being claimed as dependents are also eligible for a stimulus check.

The new checks will be 600 per adult and 600 per child. Irs answers questions regarding federal stimulus checks. To help you navigate the situation and find the information you need we ve answered some of the biggest questions people have about stimulus checks right now.

The irs has a message for people who have questions about their second stimulus check. Since the new law took effect i ve been fielding emails tweets and messages from folks with questions about the second round of stimulus checks. Minneapolis we ve been getting a lot of questions about those stimulus checks folks are expecting to get later this month.

April 20 2020 last month i wrote a primer on stimulus checks and i ve been updating it as i field your questions. Instead the irs is directing people to visit irs gov if they have questions about when they. Even if you received a 1200 check in the spring of 2020 you may have.