THREAD:
Q: How do I get that $1200 check as fast as possible?
A: Did you file 2018 taxes and does IRS have your direct deposit info on file? If so you're good to go. If not, here's what to do:
Q: How do I get that $1200 check as fast as possible?
A: Did you file 2018 taxes and does IRS have your direct deposit info on file? If so you're good to go. If not, here's what to do:
If you did file in 2018 but the IRS doesn't have your direct deposit info, you'll need to get that info to them so you don't have to wait for them to send a paper check. They're building the portal right now; it's not up yet. Check here for updates: irs.gov/newsroom/econo…
If you didn't file in 2018 (say, for example, you're low-income, disabled, on social security or otherwise not typically required to file) you need to file a simple return to get the check. They're building this out right now too. Check here for updates: irs.gov/coronavirus
Q: Who's eligible?
A: Tax filers making up to $75K/individual and up to $150K /married couples will receive the full payment. For filers with income above that, the payment amount is reduced. If you made more than $99K (single) or $198K(couples), you don't get the $.
A: Tax filers making up to $75K/individual and up to $150K /married couples will receive the full payment. For filers with income above that, the payment amount is reduced. If you made more than $99K (single) or $198K(couples), you don't get the $.
Q: I had a really successful year in 2018 that put me above the income threshold but I earned less in 2019. What should I do?
A: Fluctuating income is of course pretty normal for musicians. File your 2019 return ASAP and you should get the full check.
A: Fluctuating income is of course pretty normal for musicians. File your 2019 return ASAP and you should get the full check.
More questions answered here medium.com/future-of-musi…
