A week after the distribution plan was approved and the payouts of the third Economic Impact Payment of $ 1400, the Secretary of the Department of Finance (DH), Francisco Parés Alicea, reported that they have been sent $ 2,200 million to 937,288 families, surpass what was projected.
“Payouts are moving at an accelerated pace and are up to date today we have already made 53% of the payments, this exceeds what we planned. We expect it 70% in four to five weeks and we expect to beat that figure in three weeks. We send an average of 200,000 payments per day from Monday to Friday and we will continue with this rhythm for the next few weeks, until the process is completed, ”the official said.
To make the disbursements, the department uses the taxpayers’ information from the 2020 tax return and the 2019 tax return, if they have not yet filed. In the case of people who are not required to file a report, the information from the alternate form they submitted last year is used to receive the first two incentives of $ 1,200 and $ 600, respectively.
Parés Alicea clarified that The federal aid payout schedule does not interrupt payroll nor the payment of refunds for the tax cycle for the year 2020. “Approximately last week $ 34 million in returns of approximately 40,000 tax forms on individual income and we will continue to work in parallel with the two projects, ”he added.
On the other hand, the secretary received a visit from the governor today Pedro Pierluisi, to tour the Information Technology Area and the Unified Internal Revenue System (SURI) project, from where work is underway to distribute the new economic stimulus.
Parés Alicea explained that this plan reaches $ 3.5 billion and is expected to have an impact 2.6 million Puerto Rico residents.
Pierluisi met with Secretary Parés Alicea and his work team, who presented him with the department’s strategic and operational plan, including the objectives under development, including the implementation of tax policies, the transformation of accounting programs and service innovation.
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