Wednesday, January 20, 2021
Home Business Will you get a stimulus check and when will you get it?

Will you get a stimulus check and when will you get it?


LEXINGTON, #Ky. (WKYT) – #While #Congress continues to debate more COVID-19 relief for #Americans, some people are already getting a stimulus check.

The latest round of stimulus checks are up to $600 per person. #Those who qualify include:

– #Married couples earning less than $174,000

- Advertisement -

– #Single people earning less than $87,000

– #Dependent children younger than 17

– #Social security recipients and VA beneficiaries

#One of our viewers asked, “when will I get my check and how?” #Financial #Advisor #Rob de #Lassio says the IRS is sending payments now.

“Obviously if you filed electronically, and you get your tax returns electronically, they’re going to send the funds to electronically. #If you do snail mail and received checks, yours are going to take a while longer,” de #Lassio said.

#Chailee #Sizemore has received a check, $600 for herself and $600 for her daughter, #Lee #Ann.

“It made me feel good because now I can pay my electric bill off,” #Sizemore said.

- Advertisement -

#Payments are based on 2019 tax returns. #If your financial status changed this year you can still receive the stimulus.

#One of our viewers asked if she’ll get a stimulus check if she had a baby this year. #Certified #Public #Accountant #Dana #Overall says yes.

“When you file your tax return for 2020 that person will list the new baby on the tax return. They will actually receive this stimulus money as a credit on their tax return,” #Overall said.

#Experts say the sooner you file your 2020 taxes the better, and that taxes will not be taken out of the stimulus checks.

#Copyright 2020 WKYT. #All rights reserved.





[ source link ]
https://www.wymt.com/2020/12/30/will-you-get-a-stimulus-check-and-when-will-you-get-it/

#stimulus #check

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments