Unfortunately Cousins, the #Coronavirus pandemic is currently still very much present within the world, resulting in many individuals as tax payers in dyer need of financial assistance now more than ever. Sadly the the $2.2 trillion dollar relief package will not be helpful to many as it has recently been reported that a lot of people will not receive it!
As we previously reported the highly anticipated government issued stimulus check is set to roll out sometime this month, however the guideline for recipients have altered since the initial announcement.
Here’s what we know;
A large portion of college students, immigrants who do not have a social security number, disabled adults and mother’s of children born in 2020, do not qualify for the stimulus check. As well as those who haven’t filed for their 2018 and 2019 taxes or those whose income goes over the implemented salary mark.
Power 105.1 reports: •College Kids: If someone claims you as a dependent on their taxes, you won’t get your own check. Parents will get an extra $500 payment per child, but that’s ONLY for kids under 17.
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Immigrants With No Social Security Number: You don’t have to be a U.S. citizen to get a payment, But you do need a valid Social Security number. So nonresident aliens, temporary workers and immigrants in the U.S. illegally won’t. Immigrants who do have a green cards and on H-1B and H-2A visas will get payments.
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Disabled Adults: People who get disability benefits from the Social Security Administration or Veterans Affairs are eligible for the payments — but not disabled adults who are claimed as dependents by their parents or other relatives on their taxes.
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Kids Born In 2020: The $500 payment per child is also based on 2019 taxes. So parents who welcomed babies into the world this year won’t get money for them. They’ll likely get a $500 credit when they file their 2020 taxes.
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High Earners: Payments amounts start scaling down for those who made over $75,000 last year and zeroes out at $98,000.
If none of these qualifications directly affect you or your children, please note that potential payments will be issued in mid- April. Officials will be using each individuals information derived from their 2018 and 2019 tax returns.
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