LEXINGTON, Ky. (WKYT) – While Congress continues to debate more relief from COVID-19 for Americans, some people are already receiving a stimulus check.
The last round of stimulus checks is up to $ 600 per person. Those who qualify include:
– Couples earning less than $ 174,000
– Singles earning less than $ 87,000
– Dependent children under 17 years
– Social security recipients and VA beneficiaries
One of our viewers asked, “When will I receive my check and how?” Financial advisor Rob de Lassio says the IRS is sending payments now.
“Obviously, if you filed the claim electronically and received your tax returns electronically, they will send the funds electronically. If you send traditional mail and receive checks, yours will take a little longer, ”said de Lassio.
Chailee Sizemore received a check for $ 600 for her and $ 600 for her daughter, Lee Ann.
“I felt good because I can now pay my electricity bill,” said Sizemore.
Payments are based on 2019 tax returns. If your financial situation has changed this year, you can still receive the stimulus.
One of our viewers asked if she will receive a stimulus check if she has 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. In fact, they will receive this stimulus money as a credit on their tax return, ”said Overall.
Experts say the sooner you file your 2020 taxes, the better, and that taxes will not be deducted from stimulus checks.
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