OnLine Taxes Stimulus COVID-19 Response

Filing Status	AGI Amount	Second Economic Impact Payment
Single	$75,000 or less	$600
Married Filing Joint	$150,000 or less	$1,200
Head of household	$112,500 or less	$600
For each dependent under 17 it will be an additional $600.00

Click Here to get your Stimulus Payment #2 status.

The IRS Get My Payment tool is not currently accepting any updates.

The IRS has announced that the first payments will be available on January 4^th. Checks and debit cards will continue to be sent through the end of January.

The same eligibility rules apply to the second stimulus payment as the first one. You must have a valid Social Security number, and you can't have been claimed as a dependent on someone else's 2019 tax return.

There is nothing you need to do, if you already filed a 2019 tax return.

Payments are automatic for eligible taxpayers who filed a 2019 tax return, those who receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits as well as Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn't file a tax return. Payments are also automatic for anyone who successfully registered for the first payment online at IRS.gov using the agency's Non-Filers tool by November 21, 2020 or who submitted a simplified tax return that has been processed by the IRS.

If you meet the eligibility requirement, then you can receive your payment. While you won't receive an automatic payment now, you can still claim the equivalent Recovery Rebate Credit when you file your 2020 federal income tax return.

If you are eligible and did not previously receive the full amount of the economic impact payment, you can claim the Recovery Rebate Credit on your 2020 Form 1040 or 1040-SR. The instructions for the Form 1040 and 1040-SR will include a worksheet you can use to figure the amount of any credit for which you are eligible.
You may be able to claim the Recovery Rebate Credit if:

• You are eligible but were not issued an Economic Impact Payment, or
• Your Economic Impact Payment was less than $1,200 ($2,400 if married filing a joint return) plus $500 for each qualifying child you had in 2020.
• You meet the filing status qualifications and if you have dependents under the age of 17.

Filing Status	AGI Amount	Economic Impact Payment
Single	$75,000 or less	$1,200
Married Filing Joint	$150,000 or less	$2,400
Head of household	$112,500 or less	$1,200
For each dependent under 17 it will be an additional $500.00

Refer to your Notice 1444 for the payment amount you were issued, before any offsets, in 2020. This was sent in the mail to each taxpayer who received an economic impact payment at the time the payment was received.

No, the economic impact payment is not taxable.

Typically, you don't see reference to charitable contributions until Schedule A. However, due to the CARES Act, charitable cash contributions of up to $300 are temporarily above-the-line deductions, claimed directly on Form 1040, line 10b. That means that you do not have to itemize to claim those deductions. The contribution still is subject to the same restrictions and rules for qualification for Schedule A contributions.

Self-employed individuals should use Form 7202 to figure the amount to claim for qualified sick and family leave equivalent credits under the FFCRA on their 2020 tax return. These credits are available to eligible self-employed individuals if they were unable to work or telework or had to care for family members for reasons related to the coronavirus and are refundable.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act permits certain individuals who file Schedule SE or Schedule H to defer the payment of 50% of the social security tax imposed for the period beginning on March 27, 2020, and ending December 31, 2020.
If you were affected by the coronavirus, and you file Schedule H or Schedule SE, some of the household employment taxes or self-employment taxes you owe may be deferred on your 2020 tax return and be paid later instead.