Friday, April 10, 2020

Business Logo design
Hit Counter

Who is eligible for the Economic Impact Payment?

U.S. citizens or resident aliens who:
  • Have a valid Social Security number,
  • Could not be claimed as a dependent of another taxpayer, and
  • Had adjusted gross income under certain limits.

Who will receive the Economic Impact Payment automatically (EIP) without taking additional steps?

Most eligible U.S. taxpayers will Automatically receive their EIP payments are individuals who: 
  • Filed a federal income tax for 2018 or 2019
  • Receive social security retirement, disability (SSDI), or survivor benefits, and
  • Individuals who receive Railroad Retirement benefits

What about Non-Filers taxpayers: 

Eligible U.S. citizens or permanent residents who:
  • Had gross income < than $12,200 ($24,400 for married couples) for 2019
  • Were not otherwise required to file a federal income tax return for 2019, and didn't plan to file.
What to do?  You can provide the necessary information to the IRS easily and quickly for no fee through "Non-Filers: Enter Payment Info", see below.  After providing this information you won’t need to take any additional action.


Information you need to provide?

  • Full name, current mailing address and an email address
  • Date of birth and valid Social Security number
  • Bank account number, type, and routing number, if you have one
  • Identity Protection Personal Identification Number (IP PIN) you received from the IRS earlier this year if you have one
  • Driver’s license or state-issued ID, if you have one
  • For each qualifying child: name, Social Security number or Adoption Taxpayer Identification Number and their relationship to you or your spouse

What to Expect

Clicking “Non-Filers: Enter Payment Info Here” above will take you from the IRS site to Free File Fillable Forms, a certified IRS partner. The IRS claims this site is safe and secure.
Expected steps to follow, are:
  • Create an account by providing your email address and phone number; and establishing a user ID and password.
  • You will be directed to a screen where you will input your filing status (Single or Married filing jointly) and personal information.
  • Make sure you have valid Social Security numbers.
  • If applicable to you; Adoption Taxpayer Identification Number for each dependent you want to claim for. 
  • Check the “box” if someone can claim you as a dependent or your spouse as a dependent.
  • Complete your bank information (otherwise we will send you a check).
  • You will be directed to another screen where you will enter personal information to verify yourself. Simply follow the instructions. 
  • You will need your driver’s license (or state-issued ID) information. If you don’t have one, leave it blank.
A confirmation email of information submitted.

You will receive an e-mail from Customer Service at Free File Fillable Forms that either acknowledge you have successfully submitted your information, or that tells you there is a problem and how to correct it. 

Free File Fillable forms will use the information to automatically complete a Form 1040 and transmit it to the IRS to compute and send you a payment.  Source IRS.gov

No comments:

Dazzle Products