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Economic Relief Checks — Here’s what’s important to you:

The United States Congress passed a $2 trillion economic stimulus bill to lessen the financial burden on individuals and businesses (including small businesses) who are suffering from the economic repercussions of the COVID-19 pandemic — this includes direct cash payments to individuals.

WHO GETS A CHECK?

  • IF YOU ARE AN INDIVIDUAL MAKING UP TO $75,000/YEAR

  • THE HEAD OF HOUSEHOLD MAKING UP TO $112,500/YEAR

  • IN A COUPLE MAKING UP TO $150,000/ YEAR

YOU WILL GET A $1,200 ($2,400 FOR A COUPLE) CASH PAYMENT

IF YOU MAKE MORE THAN $75,000/YEAR?

INDIVIDUALS MAKING MORE THAN $99,000/YEAR WILL NOT RECEIVE A PAYMENT.

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IF YOU HAVE CHILDREN?

$500 PER CHILD (AGE 16 YEARS AND UNDER)

  • PARENTS AND LEGAL GUARDIANS MAKING UNDER $75,000 (OR $150,000 FOR COUPLES) WILL RECEIVE AN ADDITIONAL $500 PER CHILD.

  • IF YOU ARE A COLLEGE STUDENT, AND YOU ARE CLAIMED AS A DEPENDENT FOR TAX PURPOSES, YOU WILL NOT RECEIVE A CHECK.

WHEN & HOW YOUR MONEY WILL BE DELIVERED?

DIRECT DEPOSIT

IF YOU RECEIVE YOUR TAX REFUND VIA DIRECT DEPOSIT — THE IRS HAS YOUR DIRECT DEPOSIT INFORMATION ALREADY (IF YOU FILED YOUR 2018 AND/OR 2019 TAXES).

IN THE MAIL

IF YOU RECEIVE YOUR TAX REFUND VIA A PAPER CHECK, YOU WILL GET YOUR ECONOMIC RELIEF BY CHECK IN THE MAIL.

  • YOU WILL NOT HAVE TO PAY INCOME TAXES ON ECONOMIC RELIEF CHECKS.

  • YOU WILL NOT HAVE TO PAY THIS BACK IN 2021 IF YOU MADE UNDER $75K IN 2018, 2019, AND 2020. IF YOU MAKE MORE THAN $75,000 IN 2020, YOU WILL HAVE TO PAY ALL OR SOME BACK IN 2021.

  • IT SHOULD TAKE ABOUT 3 WEEKS TO RECEIVE YOUR ECONOMIC RELIEF CHECK/DEPOSIT.

ADDITIONAL QUESTIONS:

WHAT IF I GET A SOCIAL SECURITY CHECK?

YOU ARE STILL ELIGIBLE TO RECEIVE A CHECK IF YOUR COMBINED INCOME THAT YOU REPORTED IN 2018 AND/OR 2019 IS UNDER $75,000. IF SOCIAL SECURITY IS YOUR ONLY SOURCE OF INCOME, YOU WILL GET THE FUNDS VIA CHECK OR DIRECT DEPOSIT — DEPENDING ON HOW YOU GET YOUR SOCIAL SECURITY.

DOES THIS AFFECT ELIGIBILITY FOR MEDICAID/SNAP?

IT DOES NOT COUNT TOWARDS INCOME ELIGIBILITY FOR THESE PROGRAMS. IF YOU ARE ACCEPTING UNEMPLOYMENT BENEFITS, THAT MAY AFFECT YOUR ELIGIBILITY, BUT THIS ONE-TIME ECONOMIC RELIEF CHECK DOES NOT COUNT TOWARDS ANY INCOME ELIGIBILITY LIMITS.

CLICK HERE FOR ADDITIONAL INFORMATION.