Tax & Current Accounting Topics

IRS News Here’s why some people’s Economic Impact Payment is different than expected


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Here’s why some people’s Economic Impact Payment is different than expected 

https://www.irs.gov/newsroom/heres-wh...

https://accountinginstruction.info

COVID Tax Tip 2020-59, May 20, 2020  As people across the country receive their Economic Impact Payments, some might receive a different amount than they expected.  Eligible individuals receive a payment for $1,200. Two eligible individuals filing a joint return receive $2,400. And, eligible individuals receive up to an additional $500 for each qualifying child who meets the conditions outlined on the Qualifying Child Requirements page.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele