Stimulus checks of $ 12,000 are offered to millions of Americans
Stimulus checks of $ 12,000 are offered to millions of Americans

Stimulus checks of $ 12,000 are offered to millions of Americans

State stimulus payments of $ 1,100 are due to certain residents on Feb. 15, while $ 12,000 will be given to millions of Americans.

$ 12,000 stimulus check offered to Americans. (Photo: Forbes)

Stimulus check for some residents

You must be a permanent resident of California and earn less than $ 75,000 a year to qualify for this money. Californians must file their taxes by Feb. 15 to receive $ 600 and $ 500 for relatives.

Universal Basic Income (UBI) payments will soon be offered by a number of states and cities across the United States. Individuals receive a regular income from the government in the form of universal basic income (UBI). It is possible to get these payments on a monthly or half-yearly basis.

Delay in payments

If you do not notify the tax authorities of a change of residence, you risk missing out on your tax refund. The IRS reports that the average repayment was $ 2,775 in early June. Tax returns for the tax year 2020 must be submitted no later than October 15 if you have requested an extension before the deadline of May 15.

Military personnel and those serving in war zones are exempt from this rule and usually have 180 days from the date of their departure from active duty to submit their returns. The October 15 deadline did not apply to taxpayers in federally designated disaster zones who have previously received legal extensions.

Leave a Reply

Your email address will not be published.