As part of the CARES Act, the Department of Treasury will send rebate checks to all qualifying individuals. 
  • $1200 for individual filers
  • $2400 for married persons who filed together
  • And, an additional $500 for any child under the age of 17, claimed as a dependent.
Social Security Numbers – You must have a valid social security number to qualify.
Dependents – You cannot be a dependent on another tax return (even if they don’t claim you).

This is based on earned income and/or social security benefits.  If you haven’t filed your 2019 tax return yet, it will be based on the 2018 return you filed.  If you haven’t filed either and had a filing requirement, you should do so.  If you didn’t file because you received Social Security benefits or Railroad Retirement benefits and were below the filing threshold, your rebate will be based on information provided by the Social Security Administration (SSA-1099) and Railroad Retirement Board (RRB-1099).

In the coming weeks, the Department of the Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

This rebate is phased out at the following Adjusted Gross Income levels (2018 Line 7, 2019 Line 8b)
  • Single –  under $75,000 (full credit); between $75,000 and $99,000 (partial credit); over $99,000 (no credit)
  • Married –under $150,000 (full credit); between $150,000 and $199,000 (partial credit); over $199,000 (no credit)
If you don’t receive a rebate check, remember this is an advance on your 2020 tax return.  We will re-evaluate your eligibility at that time.