Displaying items by tag: stimulus package

We want to ensure that our senior citizens, individuals with disabilities, and low-income Americans receive Economic Impact Payments quickly and without undue burden.

Jackson Hewitt HQ, April 7, 2020 – In accordance with updated IRS policy effective April 1, 2020, all Americans receiving Social Security benefits will have stimulus checks deposited into the same accounts. This replaces prior guidance which required Social Security beneficiaries to file a simple return to access stimulus funds.

The IRS plans to provide the stimulus payments to individuals and families by depositing funds directly into the same banking account reflected on the latest tax return filed.

Jackson Hewitt HQ, April 1, 2020 – As the federal government manages its response to the coronavirus epidemic, a variety of solutions including extending the federal tax deadline for filing and payments, implementing paid leave for workers and tax credits for small businesses, and most recently, passing a two trillion dollar stimulus plan to bolster the U.S. economy were implemented. As a part of the recently passed stimulus, Americans should receive a stimulus check in the near future. Some of the most common questions regarding the pending stimulus checks are answered below: