The U.S. Internal Revenue Service (IRS) revealed that it will issue payments of up to $1,400 USD in August. The new stimulus checks will start at $200.00 USD and will run until the end of this month.
The direct payments are intended for people who reside in the United States and also meet certain eligibility requirements. The news has generated a favorable state of opinion among potential beneficiaries.
Parents, for example, see this financial aid as a way to cover their children’s basic expenses. On the subject, the IRS, in charge of managing this financial aid, explained that these checks are designed to provide financial relief to those who need it most.
Automatic direct payments
The IRS also reminded that it is not necessary to complete a specific application to obtain these checks. Payments will be made automatically to those who meet the established requirements.
The aid is primarily intended for individuals with annual incomes below $75,000 USD. Households with incomes below $112,500 USD and married couples filing jointly with incomes below $150,000 USD are also eligible for aid.
Similarly, those earning up to $80,000 USD will be eligible to receive a partial payment. Meanwhile, the arrival of these stimulus checks promises to benefit thousands of families across the country. The goal is to help cover daily expenses such as food, housing, and utilities.
As announced, the IRS is working on verifying eligibility, using 2020 and 2021 tax returns. This is the basis for determining who will receive these payments.
Parents of children born in 2021 will also be able to claim these payments. This provides additional relief for households that have recently welcomed a new member.
It is critical that potential recipients keep their tax information up to date and follow IRS instructions to receive their stimulus checks.
#IRS #issues #stimulus #checks #August
/medias/6cOIUcKx8a/image/abbe_pierre__1_1721223340465-format16by9.png?fit=%2C&ssl=1)
