LEXINGTON, Ky. (WKYT) – As Congress continues to debate more COVID-19 aid for Americans, some people are already getting an incentive check.
The last round of stimulation checks is up to $ 600 per person. Those who qualify include:
Married couples earn less than $ 174,000
– Singles earn less than $ 87,000
– Dependent children under the age of 17
– Social Security recipients and VA beneficiaries
One of our viewers asked, “When will I get my check and how?” Financial adviser Rob de Lassio says the IRS is now sending payments.
Obviously, if you filed electronically and you receive your tax returns electronically, they will send the money electronically. If you receive mail and checks, it will take a while longer, ”de Lassio said.
Chailee Sizemore has received a check, $ 600 for herself and $ 600 for her daughter, Lee Ann.
“I felt good because now I can pay my electricity bill,” said Sizemore.
Payments are based on 2019 tax returns. If your financial status has changed this year, you can still receive the incentive.
One of our viewers asked if she will get a stimulus check if she has a baby this year. Certified Public Accountant Dana Overall says yes.
If you file your tax return for 2020, that person will list the new baby on the tax return. They will actually receive this incentive money as a credit on their tax returns, ”said Overall.
Experts say the sooner you file your 2020 taxes, the better, and the taxes won’t be taken out of the incentive checks.
Copyright 2020 WKYT. All rights reserved.