In the United States, if a citizen is entitled to a tax-related stimulus check, he always gets it in the year following the payment of such taxes. This is the general rule, although there are sometimes exceptions to this. In order to be aware of all such exceptions it is always good to look at any possible stimulus checks that the IRS or any other entity may send.
In this case, the Economic Impact Payments program is in charge of paying these stimulus checks that will arrive in November to the recipients of this payment. Although it is true that they could also arrive after the end of November.
One of the best news with this type of checks is that we do not have to pay taxes on them. Since it is a payment from a tax refund, it would not make sense to pay taxes on this amount again.
If you live in the states of Alabama, Arizona, Maryland, New York, Virginia, Florida, Georgia, Michigan, Tennessee or Texas it is possible that you will get one of these checks in the next few weeks. Whether or not you get this payment will depend on the requirements the IRS has already announced.
WHO CAN GET A STIMULUS CHECK BEFORE THE END OF NOVEMBER?
In New York State we will have a stimulus check from $500 to $1,000. In order to get it you need to have adjusted gross income with a limit of $150,000 for married couples filing jointly. In the case of filing a single return it would be $75,000, as well as $112,500 for heads of household.
On the other hand, there are more places to get these stimulus checks, as we have already mentioned. And best of all, depending on the state, the check will be higher or lower. In Alabama we will be able to collect from $150 to $300.
On the other hand, the State of Virginia offers this extra payment with a minimum of 200 dollars and a maximum of 400 dollars. Likewise, the State of Florida offers a single maximum amount of $450, but there is no minimum.
Finally, the State of Georgia offers $250 with no minimum amount, although all indications are that eligible citizens will be able to get a stimulus check with this fixed amount.
REQUIREMENTS FOR GETTING THE EXTRA PAYMENT
In addition to the previous year’s Tax Return requirements mentioned above, other requirements must be met. On the one hand, citizens must have a dependent child with access to the child tax credit.
In the case of meeting these requirements we can have payment by physical check or through Direct Deposit. The Direct Deposit method is much faster, so it is a good idea to activate it to have the money in your pocket as soon as possible.
And the best thing about it is that you don’t need to request the payment, as it is an automatic process in most cases. Still, if in doubt we should check with the Internal Revenue Service (IRS) as to whether or not we will get one of these stimulus checks.