Sunday, April 19, 2020

Covid19 - Economic Impact Checks, when they be sent out ?

At the time of this writing, the first wave of the checks outlined and made into law as the CARES act have been sent to the American people. These checks are intended for all American citizens who live under a certain income level. How much money you may be wondering? It goes; $1200.00usd to single adult citizen, each child is $500usd per and $2400usd for couples. People have been coming up short on their means of survival. Companies closed down for a while, some operating on a skeleton crew. Many of the stores and retail outlets will be found to be obsolete in one instance and do not go back to the old way that included human involvement instead it opts for tolls of automation take charge. This will take place in just about every company that wants to survive the chaos of the present time by cutting staff and reducing payroll. There will be a tremendous Job loss across the nation. The White House knows that is will be a world-class balancing act, on one hand getting rid of some of our best people and that are being replaced by a million-dollar machine that you do not have to pay in order to speak with people on behalf of your company and finding employment strategies for the look and functionality of business relationship in order to keep them in good working order. At the time of this writing, the IRS has sent out 80 million checks to Americans with another 80 million set to be distributed the week of April 20th. The IRS has launched an effort to help people track their payment through Get My Payment at https://www.irs.gov/coronavirus/get-my-payment. 
People who have an active bank account and choose to have the money direct deposited into their account will get their payment sooner than those who will be getting a paper check. Another misnomer is that the economic impact relief checks are for people that filed taxes in 2018 or 2019, to be clear the eligibility requirements are 1. Have a social security number 2. Be a U.S. citizen living in the United States.  These monies are for all Americans that make under a set limit to prevent people that don't need any money to receive a check. The people who qualify have to sit tight and wait, the check is in the mail.

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