President Donald Trump has already signed a measure into law approving the 2nd stimulus check. It means the people eligible for it will receive their payments via mail or bank transfer like the first check. But you need to know these facts regarding this payment and eligibility:
Your eligibility depends on the 2019 tax returns. If you received social security benefits (due to retirement or disability) and didn’t file the tax returns in 2019 because you earned too little, you are still eligible for the check.
$600 or $2000?
In the second stimulus check, every eligible individual will likely be receiving $600. House of representatives did try to increase it to $2000, but the Senate majority leader blocked this attempt in the Senate, now it’s most likely that the payment will be $600
How to claim?
Your payment will be sent directly to your bank account as last time. If you received the payment via mail, and you moved out from there, the IRS will mail it to your new address if they had it. Otherwise, you can update your address on the IRS website, Get my payment portal.
Not registered? How I get the payment?
If you are not registered under CARES Act Stimulus payment, then you need to by submitting your tax returns in 2021 to IRS.
With this stimulus check, everyone has to be smart and make some savings. Because 2020 had been tough, 2021 may require more effort to get our country out of the crisis. Be smart in spending this $600, because you can make the most out of them for your business by doing one or more of the following:
- SMS marketing
- Hiring Reconcile service to keep track of your profits and losses
- Online Marketing to increase sales