- There are people who would not receive the third aid check for coronavirus: Who is part of that group and why?
- Individuals who earn more than $ 100,000 annually will not receive federal aid
- The House of Representatives rejected the eligibility restriction, so for this third round of payment, the same income limits that were used before will be maintained.
There are people who would not receive the third aid check for coronavirus: Who is part of that group and why?
The $ 1,400 check continues to advance in the Senate. However, not all Americans will receive federal aid, as this will basically depend on the income of each individual or family. The President’s Goal Biden and from the Democrats is that the funds reach the most economically needy.
Based on this premise, individuals earning more than $ 100,000 annually, heads of household earning more than $ 150,000, or couples (joint return) earning more than $ 200,000 will not receive any checks. That would be the limit established to receive some type of federal aid.
Now, not everyone will receive the $ 1,400 in full. Again, that will depend directly on your income and the calculations that the Internal Revenue Service (IRS) performs to determine how much you are entitled to.
In the House of Representatives, they rejected the eligibility restriction, so for this third payment round the same income limits that were used in the previous two would be maintained, reported The opinion. It would only subtract the ‘approval’ of the Senate on these limits.
They would not receive a third aid check: Who and why?
Tax season is on, so you should be preparing a return to file with the IRS before the April deadline.
This year, it is particularly important to declare whether your household income was affected by the pandemic. The IRS will take into account your reduced income, even now you could qualify for the third round of checks even if you did not qualify before because you reported higher earnings the previous year.
“Anyone with income of $ 72,000 or less can file their federal tax return electronically for free through the IRS Free File Program. The fastest way to obtain your tax refund is to file the return electronically and deposit it directly, without contact and for free, in your financial account ”, he recommends the agency for a more effective refund.