April 9, 2020
Event: Message to U.S. citizens – IRS COVID-19 Economic Impact Payments
The Treasury Department and the Internal Revenue Service announced on March 30, 2020, that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically to those who filed tax returns in 2018 or 2019. Those (like some seniors) who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.
Who is eligible for the economic impact payment?
Eligible taxpayers will receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Eligible parents also receive $500 for each qualifying child.
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.
For more information, please go to IRS’ Economic Impact Payments website. The U.S. Mission to Turkey has no further information on this subject and cannot assist in obtaining these payments.