Welcome back dearest friends from the US, the UK, Canada, Nigeria, Hungary, Romania, India, China, Israel, Italy, Pakistan, Lithuania, Mexico, Bulgaria, and Brazil! 😉
What’s everyone is talking about now is something else other than the Covid19, do you know what is it?
Of course, you do!
The IRS will use your 2019 tax return, if you’ve already filed it, or your 2018 return to calculate the amount of your payment. The payments would not be subject to tax, and those who owe back taxes will still get the payouts.
Individuals are due up to $1,200 and couples will receive up to $2,400 — plus $500 per child. But payments start phasing out for individuals with adjusted gross incomes of more than $75,000.
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