Thursday, August 6, 2020

You may be eligible for an Economic Impact Payment from the IRS - Apply by October 15



Many people are not aware that even if they do not make enough income to file a tax return, or have a permanent address, they are eligible to receive an Economic Impact Payment from the IRS.

If your annual income is below $12,200, or $24,400 if you're married, you probably don't file a tax return. But, even if you aren't normally required to file a tax return, you may still be eligible for a $1,200 per person Economic Impact Payment and $500 per qualifying child.

You must be a U.S. citizen, permanent resident or qualifying resident alien and have a work-eligible Social Security number. You can't be claimed as someone else's dependent.

You won't owe taxes on the payment and it doesn't affect eligibility for federal government assistance or benefits.

Register for a payment by using the IRS's free tool through October 15. Register for this benefit at https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here

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