If you’ve been following the news related to the coronavirus, you likely know that the White House and leaders of Congress recently negotiated a $2 trillion recovery package. As part of this package, various taxpayers across the United States may be able to receive a $1200 stimulus check.
Here at Spotloan, we want to ensure you know what you need to know about this pending payment.
If you have not yet filed your 2019 tax return, don’t worry, and remember that you now have until July 15, 2020 to file your 2019 taxes. So, if you haven’t filed for 2019, the IRS will use the information you provided in your 2018 tax return to calculate your income.
Here is who will receive the stimulus, and how it will be calculated:
Though it is always important to protect your identity, here at Spotloan, we want to remind you that cyber-security is important now more than ever. With extra time on their hands now due to various stay-at-home initiatives, online fraudsters are hard at work. For this reason, it is important that you follow these important safety tips from the Federal Bureau of Investigation (FBI), to protect yourself from becoming a victim of online fraud.
The following tips are courtesy of a recent Public Service Announcement from the FBI.