• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Wednesday, March 22, 2023
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Education

You Won’t Have To Pay Back Coronavirus Relief Checks, Feds Say

Loud Silence Staff by Loud Silence Staff
April 15, 2020
in US Education
0
You Won’t Have To Pay Back Coronavirus Relief Checks, Feds Say
1
SHARES
4
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

CHICAGO (AP) — Videos and online reports claiming that millions of Americans will have to repay the relief checks they receive from the federal government under the $2.2 trillion coronavirus economic recovery bill are not true.

The government began issuing the one-time payments this week. Most adults who earned up to $75,000 will see a $1,200 payout, while married couples who made up to $150,000 can expect to get $2,400. Parents will get payments of $500 per child. The checks will be directly deposited into bank accounts or mailed to households, depending on how you’ve filed your tax returns in the past.

In recent days, social media posts have falsely claimed there’s one catch to this money ― that you’ll eventually have to pay it back.

“Next year, you’re automatically going to owe $1,200 come tax season,” one of the videos, viewed hundreds of thousands of times on YouTube, falsely claims. The video has also been shared widely on social media platforms including Facebook, Instagram, Twitter and TikTok.

The U.S. Treasury Department and Internal Revenue Service, which are working to deliver the money to people, confirmed to The Associated Press that households will not have to pay back the money in next year’s tax filing.

“This is not an advance and there is absolutely no obligation to pay it back,” Treasury spokeswoman Patricia McLaughlin said in an email.

The federal government uses information from 2018 or 2019 tax returns ― whichever was filed most recently ― to determine eligibility for the payouts. Those payments begin to get smaller for adults making more than $75,000 and phase out entirely for those earning more than $99,000. For married couples, the payments get smaller for those earning more than $150,000, falling to zero at $198,000. For heads of household with one child, the benefit starts to decline at $112,500 and falls to zero at $136,500.

The confusion on social media appears to have stemmed from language in the economic rescue bill that refers to the checks as an “advance refund” because the money is being given out in the 2020 tax year, before Americans have even filed their tax returns for the year.

The 2020 tax form has not been printed but the relief checks will not have any bearing on your income deductions next year, said Eric Smith, a spokesman for the IRS.

Calling all HuffPost superfans!

Sign up for membership to become a founding member and help shape HuffPost’s next chapter



[ad_2]

This content first appear on huffpost

You might also like

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage

Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’

Republicans Divided Over Additional Coronavirus Relief For States And Cities

Tags: A TreasuryTax return United States
Previous Post

Crippled Airline Industry to Get $25 Billion Bailout, Part of It as Loans

Next Post

Lockdown: 10 people arrested after discovery of cigarettes worth R1.5m in Centurion flat

Loud Silence Staff

Loud Silence Staff

Related Posts

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage
US Education

‘I Have A Lot’ Going On: Trump Again Deflects Blame For Medical Supplies Shortage

by Loud Silence Staff
May 6, 2020
Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’
US Education

Trump Pushes Country Toward Reopening, Claiming ‘Virus Will Pass’

by Loud Silence Staff
May 6, 2020
Republicans Divided Over Additional Coronavirus Relief For States And Cities
US Education

Republicans Divided Over Additional Coronavirus Relief For States And Cities

by Loud Silence Staff
May 5, 2020
Trump Signals Coronavirus Task Force Will Soon Wind Down
US Education

Trump Signals Coronavirus Task Force Will Soon Wind Down

by Loud Silence Staff
May 5, 2020
California Sues Uber, Lyft To Enforce Gig Worker Protection Law
US Education

California Sues Uber, Lyft To Enforce Gig Worker Protection Law

by Loud Silence Staff
May 5, 2020
Next Post
Lockdown: 10 people arrested after discovery of cigarettes worth R1.5m in Centurion flat

Lockdown: 10 people arrested after discovery of cigarettes worth R1.5m in Centurion flat

Recommended

Shock as Bulls CEO steps down

Shock as Bulls CEO steps down

April 24, 2020

My Husband might be an Idiot but I’m a Proud Wife: Gifty Osei indirectly assert

August 14, 2021

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

Documents Revealing the Pure Theft of Prez Kufuor during Ghana @50
News

Documents Revealing the Pure Theft of Prez Kufuor during Ghana @50

March 7, 2023
Don’t be seen shouting Anyanafuo Mo Wo hin when One Government is in Power and go Mute when other government comes to Power
Ghana News

Don’t be seen shouting “Ayansafuo Mo Wo hin” when One Government is in Power and go Mute when the other government comes into Power

February 25, 2023
Don’t be seen shouting Anyanafuo Mo Wo hin when One Government is in Power and go Mute when other government comes to Power
Ghana News

Don’t be seen shouting Anyanafuo Mo Wo hin when One Government is in Power and go Mute when other government comes to Power

February 25, 2023
I deserve a national award for selling Ghana’s drill ship – KT Hammond
Ghana News

I deserve a national award for selling Ghana’s drill ship – KT Hammond

February 21, 2023
13 NPP NATIONAL SECURITY BOYS NABBED
Ghana News

13 NPP NATIONAL SECURITY BOYS NABBED

February 18, 2023
Who’s Gabby, I don’t have time for things like Him, He’s not Important to Me- Sophia Akuffo
Ghana News

Who’s Gabby, I don’t have time for things like Him, He’s not Important to Me- Sophia Akuffo

February 14, 2023

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.