COVID19 Stimulus Packet Rebates FAQs
Below are answers to many of the frequently asked questions regarding the COVID stimulus packet. We hope this helps our NF community understand what they may receive from the government in stimulus payments.
Who qualifies to receive a check and how much will an individual receive?
Anyone who filed a tax return this year or last year. Individuals receive $1,200, married couples receive $2,400, and child dependents (under 17) receive $500.
What are qualified income levels based off of?
There is no qualified income threshold or requirement to receive the rebate. However, the rebate phases out at a 5 percent rate above adjusted gross incomes of $75,000 for single filers, $112,500 for heads of household, and $150,000 for joint filers.
Can those collecting Social Security or disability receive a check?
Yes, if they filed a tax return this year or last year, or received a form SSA-1099. Otherwise, they need to file a tax return.
Will SSA administer the funds to my EBT/Debit card that I receive my SSA benefits through?
Our understanding is that IRS is sending out the rebates (via direct deposit or checks)
How does an individual claim their check?
They do not need to claim their checks (unless they have not either filed a tax return this year or last year) – IRS will send out rebates automatically to their direct deposit or to the address provided on the last tax return submitted.
How long will it take for this check to be delivered?
Rebates sent via direct deposit will take a few weeks. Rebates sent via checks may take a few months.
Will I be taxed on this check?
No, rebates are not taxable.
Will I be eligible if I haven’t finished filing my 2018 taxes?
You need to have filed either a 2018 tax return or a 2019 tax return. If you have not filed either, you will not be eligible. You can file a 2019 tax return now to claim the rebate.
Will I be eligible if I have a lien against me, but I am in non-collect status?
Yes. Rebates will not be subject to garnishment, except if back child support is owed.
I withdrew my retirement in 2018- so my income that year was inflated. Is there any waiver for one time sources of income?
In this case, the taxpayer should file a 2019 tax return.
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I have a dependent who turned 17 in October he has been furloughed and why is it under 17 not under 18
Cortney, we don’t work for the government. We’re just sharing the information. You should contact your Representative in Washington, DC.
I have two students (dependents) that I claim on my taxes, but they file a tax return to get there refunds, Will I
get $500 for each of them or will they get $1200 each?
We’re not experts, but it sounds like the answer is that you won’t get $500 and they won’t get $1,200.
Please read this article https://www.forbes.com/sites/zackfriedman/2020/04/12/stimulus-checks-college-high-school-students/#5495e8917fe8.
If my daughter is in college and we claim her on are taxes; she is over 17 but she also filled her own taxes this year. Will she receive the$1200.0 or would we receive the $500.00 dependence
We’re not experts. You should ask your accountant, wait and see, or do a Google search. Our Google search shows that only dependents 16 and under will qualify a parent for the $500 and college students or others who are claimed as a dependent on their parents form won’t get $500 or the $1200. Read more here https://www.forbes.com/sites/zackfriedman/2020/04/12/stimulus-checks-college-high-school-students/#5495e8917fe8.
If i filed my return with H and R block and my return went in there account will my check also go there.
We’re not experts on this. Our understanding is if you received a refund it will go into the bank account you provided for your tax refund. If you paid taxes you will get a check or their is an online portal opening where you can provide your banking info.
If you receive disability alone do you qiay
We’re not the experts, however it sound like if you receive disability you should receive $1,200. But please wait to see if it does show up.
Ramie, We are not the ones “giving out” the money. It is the US government. Our understanding is that they will be using your tax return from last year if you didn’t file this year. If you didn’t file last year and receive an SSA-1099 they will use that. If you don’t receive social security and haven’t filed taxes you should probably file your taxes for 2019. I believe you can file income tax even if you have no income. There are online sites that are free to use.
How do I go about signing up to get if I didn’t file my taxes to this year
Our understanding is that they will be using your tax return from last year if you didn’t file this year. If you didn’t file last year and receive an SSA-1099 they will use that. If you don’t receive social security and haven’t filed taxes you should probably file your taxes for 2019. I believe you can file income tax even if you have no income. There are online sites that are free to use.