COVID-19 Economic Impact Payments
Below is information from the IRS regarding the COVID-19 Economic Impact Payments.
Who is eligible?
You may be eligible to receive a Payment if you meet ALL of the following conditions:
- Are a U.S. citizen or U.S. resident alien;
- Cannot be claimed as a dependent on someone else’s return;
- Have a Social Security number (SSN) that is valid for employment (valid SSN); and
- Exception: If either spouse is a member of the U.S. Armed Forces at any time during the taxable year, then only one spouse needs to have a valid SSN
- Have adjusted gross income below an amount based on your filing status and the number of your qualifying children.
Who is NOT eligible?
Taxpayers likely won’t qualify for an Economic Impact Payment if any of the following apply:
- You do not have a valid Social Security number.
- You are a nonresident alien for tax purposes.
- You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019. ***See exception below***
- Your adjusted gross income is greater than
- $99,000 if your filing status was single or married filing separately
- $136,500 for head of household
- $198,000 if your filing status was married filing jointly
- You can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return.
***If you are considered a U.S. resident alien for tax purposes for 2020 but not 2019, you can claim the Payment when you file Form 1040 or Form 1040-SR with the IRS for tax year 2020 (spring 2021).
If you have any questions regarding your eligibility or if you believe you have erroneously received an Economic Impact Payment, please refer to the IRS links below: