INFOTAX SERVICE

https://www.irs.gov/coronavirus/get-my-payment

In case you were wondering: Who is eligible to receive a stimulus check? Tax filers with an adjusted gross income (AGI) up to $75,000 for individuals, $112,500 for heads of household and up to $150,000 for married couples filing joint returns will receive $1,200 per individual, plus $500 per qualifying child. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible. A Social Security number is required to receive a stimulus check. If you’ve been claimed as a dependent on someone else’s 2019 tax return, you aren’t eligible to receive a stimulus payment.

Attention all Busines owners: Just a reminder that January 31 is the IRS deadline to file 1099-MISC forms that include non-employee compensation recorded in Box 7. This deadline applies whether you choose to e-file or mail copies to the IRS. January 31 is also the IRS deadline to mail copies to your contractors.