Individual

IRS People First Initiative provides relief to taxpayers facing COVID-19 issues

Tax Tip 2020-56, May 13, 2020 Due to COVID-19, the IRS’ People First Initiative provides relief to taxpayers on a variety of issues from easing payment guidelines to delaying compliance actions. This relief is effective through the filing and payment deadline, Wednesday, July 15, 2020. Existing Installment Agreements –Under an existing Installment Agreement, payments due between April 1 and …

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What people really want to know about Economic Impact Payments

COVID Tax Tip 2020-55, May 12, 2020 IRS.gov has answers to many questions people may have about their Economic Impact Payment. Here are answers to some of the top questions people are asking about these payments. Is this payment considered taxable income? No, the payment is not income and taxpayers will not owe tax on …

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VA and SSI recipients act now to add eligible children to Economic Impact Payment

COVID Tax Tip 2020-50, May 4, 2020 People who receive Supplemental Security Income and Department of Veterans Affairs benefits who have children need to act by May 5 to quickly receive the full amount of their Economic Impact Payment. Those who need to act are those who receive SSI or VA Compensation and Pension benefits and didn’t …

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Low-income people are eligible to get an Economic Impact Payment

COVID Tax Tip 2020-51, May 5, 2020 Low-income individuals who are U.S. citizens, permanent residents or qualifying resident aliens with a work eligible Social Security number are eligible to receive an Economic Impact Payment. Those who do not have a regular filing requirement can use the free, online tool Non-Filers: Enter Payment Infoto quickly and easily register …

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SSI and VA recipients with a child who don’t file taxes should visit IRS.gov

COVID Tax Tip 2020-49, May 1, 2020 SSI and VA recipients who have children and weren’t required file a tax return in 2018 or 2019 should visit the Non-Filers: Enter Payment Info Here tool on IRS.gov by May 5. This will help ensure they receive their full Economic Impact Payment as soon as possible. This tool is available in …

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Tools to help people get their Economic Impact Payment

COVID Tax Tip 2020-48, April 30, 2020 The IRS has two tools to help millions of taxpayers with their Economic Impact Payment. The payments are $1,200 per eligible person and up to $500 for each qualifying child. The first tool, Non-Filers: Enter Payment Info Here is available – in English and Spanish – for certain taxpayers who don’t …

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Who can get more Economic Impact Payment money for children

COVID Tax Tip 2020-46, April 28, 2020 Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on the income, filing …

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Taxpayers with a filing requirement must file a tax return to get an Economic Impact Payment

COVID Tax Tip 2020-45, April 23, 2020 While most eligible taxpayers don’t need to take any action to receive an Economic Impact Payment, some people will. This includes those who are required to file and haven’t filed a tax return for either 2018 or 2019. Here are some facts for eligible taxpayers who need to – …

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