Friday, November 15

Stimulus checks: The Treasury Department assures that the biggest beneficiaries have been people who earn less than $ 50,000 dollars


According to IRS data, at least the 10 Additional% of stimulus payment amounts went to families who did not file tax returns , since they are a group that generally has very low incomes

Cheques de estímulo: Departamento del Tesoro asegura que los mayores beneficiados han sido las personas que ganan menos de $50,000 dólares
The IRS will continue to issue stimulus checks before the end of the year.

Photo: Jeff Fusco / Getty Images

Luis Diaz

The Treasury Department reported that more than half of the support distributed, up to June 3, corresponding to the third round of stimulus checks, was destined to American families with income less than $ 30, 000 annual dollars .

The Federal government body indicated that around 52% of the funds distributed went to families that presented Adjusted Gross Income (AGI) of less than $ 50, 000 dollars on your tax returns for 1999 or 2020.

In addition to According to IRS data, at least the 10 Additional% of the stimulus payment amounts went to families who did not file tax returns in either of those two years, since are a group that generally has very low incomes

.

On the other hand, the Internal Revenue Service explained that around 85% of payment amounts went to those who reported earning less than $ 90, 000 dollars or households that did not file with the tax agency.

According to Bloomberg, based on IRS data, beneficiaries residing in the Midwestern states and the West received the largest payments , while Northeast families received the smallest payments. Household size was a factor in the variation between states.

In addition, it is indicated that single taxpayers with incomes less than $ 75, 000 dollars and married couples, who file jointly, with incomes less than $ 150, 000 Dollars were eligible for the amount of $ 1, 400 per person. Payment amounts are phased out above those thresholds.

The Treasury Department reported that in total, the Internal Revenue Service has paid $ 163, $ 5 million in third round stimulus payments , for a total of about $ 163, 000 million dollars, until June 3.

According to the official report, $ 90 millions of dollars of those total payments, which have been made thus far, were made a week after Congress passed the aid bill. last March.

The IRS will continue to make payments until December, as required by law, only to those who filed tax returns or who are eligible for larger payments based on their tax returns of 2020 than those they had received based on their statements from 1999.

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