Coronavirus Stimulus Package

In these trying times, we are all faced with financial adversities. Regardless of the personal impact you are experiencing, there is a glimmer of hope on the horizon with the Coronavirus Aid, Relief and Economy Security (CARES) Act.

The most direct form coming to qualifying US taxpayers is the Stimulus Package, also called the Economic Impact Payments. There is also the Paycheck Protection Program for Small Businesses. I also posted some information about deadlines for 2019 tax filing and submitting 2020 quarterly tax payments.

As many of you are already aware, the qualifications and amounts vary depending on tax filing status (such as dependence), adjusted gross income (AGI), and number of household members. For more information about your particular situation, see the CRPB article here. If you are wanting to check on the status of your Economic Impact Payment, check out this page on the IRS website.

I am not claiming to be an expert on finances or politics; rather I wanted to compile some resources from federal agencies regarding the stimulus to help those seeking more information. If all of this makes you anxious or is creating stress in your family or relationship, please feel free to contact me so that I may guide and assist you in my area of experience.