- Jorge Ramos reveals how to apply to the check for $ 1,400 and extra money per child
- Famous Hispanic presenter reveals how to access this newly approved aid
- Discover how to obtain the benefits contemplated by the Biden stimulus
After the approval of the 1.9 billion stimulus from Biden, one of the most loved television presenters by Hispanics, Jorge Ramos reveals how to apply to the $ 1,400 check and the extra money per child in an interview with an expert for the program Al Punto of Univision.
The writer and presenter of CNN Dinero, Xavier Serbiá explained to the Hispanic journalist how to access the new benefits of the American Rescue Plan, which the president of the United States, Joe Biden has promised, will benefit 100 million people in the first 100 days.
Who would benefit from this law?
Ramos begins with a question that many may have asked themselves, for whom? It is the third check, he asked, to which the writer began by pointing out that “It could be up to $ 8,400 dollars” and assured that there is a key to understanding the help.
This ‘key’ consists of three variables, according to Xavier Serbiá, the marital status that is registered with the Internal Revenue Service (IRS, in English), the Adjusted Gross Income and the number of dependents that also includes “no qualified minors ”, That is, people with some disabilities or who are not minors and depend on the taxpayer.
Who will receive nothing from the third check?
The expert made a very important clarification, and it is that he recalled that anyone who has an Adjusted Gross Income greater than $ 80,000 individual dollars or $ 160,000 dollars per couple, could not obtain a third aid check for coronavirus. It should be remembered that this aid has an income limit established at $ 75 thousand and $ 150 thousand dollars respectively.
When this limit is exceeded, the amount of the third check begins to be reduced. Another important point that Xavier Serbiá revealed to Jorge Ramos about the check is that both the person or taxpayer who exceeds this limit and their dependents would not obtain the desired help.
Can families get multiple checks?
Before Serbiá’s statements, Jorge Ramos asked if the same family could obtain several aid checks for coronavirus. “The amount is total,” said the interviewee who explained that the amount of the check varies depending on the dependents but that it would remain a single check.
Except for when the declaration is presented by a married couple, in that case they would receive two checks “but in the end the final amount is added,” said the presenter. This depends on the variables that he presented at the beginning of the interview such as marital status, number of dependents and Adjusted Gross Income.
Will undocumented immigrants get a third?
“Many who pay taxes, others do not even have a social security number but have the ITIN number, are they going to receive the check too?” Asked Jorge Ramos. The expert confirmed that it was not, since the law contemplates as a requirement to be eligible to have an official document, in this case the Social Security Number.
It should be noted that the ITIN, for its acronym in English, is the Taxpayer’s Personal Identification Number “it is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are required to have a United States taxpayer identification number, but who do not have or are not eligible ”as per the Official site from the IRS.
Is there an ‘option’ for immigrants?
Despite the fact that the law does not contemplate granting checks to undocumented immigrants who file their returns through ITIN, Serbiá stressed that families with ‘mixed status’ could access the benefit if one of the taxpayers has an insurance number Social.
The presenter of CNN Dinero, assured Jorge Ramos that the Social Security number is “key” to obtain the third check. He even noted that children born in the United States to immigrant parents “are also eligible” since they have their Social Security number.
How does the Child Tax Credit work?
Right away, Jorge Ramos passed from the third check to questioning the so-called Child Tax Credit. The journalist explained that this benefit of the American Rescue Plan was increased from $ 2,000 to $ 3,600 with respect to the past stimuli signed by Trump.
Xavier Serbiá highlighted that basically this Tax Credit for Children contemplates a discount in the amount of taxes that must be paid to the IRS. In the recently approved stimulus, the amount contemplates up to $ 3,000 dollars for children from 6 to 17 years old and $ 3,600 dollars of the Tax Credit for children under 6 years old.
Who pays for the stimulus signed by Biden?
“At the end of the day we have received help from the government, first from Donald Trump and now from Joe Biden… there are millions of millions, so who pays for all this? Someone has to pay it ”, said Jorge Ramos, to which Serbiá said that there are two versions of the ‘payment’ of these aid.
“There are two debates … one says that it will be possible to pay because the interest is low and as the economy continues to grow it will be able to pay, others say no”, however he pointed out that the ‘real concern is long term. term’. “Today we are financing the benefits of today, mortgaging the children in the future,” concludes the CNN presenter.
The post Jorge Ramos reveals how to apply to the check for $ 1,400 and extra money per child appeared first on Hispanic World.