#040: Stimulus Checks Explained + Tax Questions Answered
Life is Life!
English - April 14, 2020 18:00 - 24 minutes - 17.2 MB - ★★★★★ - 6 ratingsEducation Business personal finance financial literacy financial education credit cards debt student loans Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
As of March 26, 2020, the U.S. Senate has passed legislation that would include a one-time payment of $1,200 to Americans earning less than $75,000. Income levels will be calculated based on 2019 tax filings. If you have not yet filed your taxes, your stimulus check will be dependent on your 2018 tax filing.
Larry Campbell, a CPA at the San Diego-based Lavine, Lofgren, Morris & Engelberg, LLP, joins the Talk Wealth To Me crew for an explanation on the stimulus checks set to go out to American consumers.
How Much Money Should I Expect?
Some Important Notes & Links:
*To check the status of your stimulus check, please visit the new Get My Payment website from the IRS. You can access that page here. Please note that the website is experiencing a high volume of traffic, please refresh the page or wait a few minutes and check back.
*If you do not file taxes, there’s a direct deposit portal now available for you to input your information so you can receive a stimulus check sooner than later. You can access the portal here.
*As of April 2, the IRS reported that Social Security recipients no longer need to file 2018 or 2019 tax returns in order to receive their COVID-19 stimulus checks.
About the Show
Comments, questions or suggestions for the show? Email us at [email protected].
To learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.
To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.