IRS begins depositing the $ 600 aid dollars, but what happens if the Senate approves the $ 2,000 stimulus? | The State

IRS begins depositing the $ 600 aid dollars, but what happens if the Senate approves the $ 2,000 stimulus?

Aid shipments are by deposit, check, or debit card.

Photo:
PHOTO: DEPARTMENT OF TREASURE / Getty Images

The Department of the Treasury and the Tax Collection Office (IRS) confirmed that direct deposit of the $ 600 began this week.

The following week, the agency will send the corresponding checks and debit cards, to those who have not provided a bank account, but have submitted a 2019 tax report.

The Secretary of the Treasury, Steven Mnuchin, said that the process of sending resources is being applied “at an unprecedented speed.”

Last week, the president had confirmed that the delivery of aid would begin this week, once the president Donald trump sign the $ 900 billion aid bill.

If the amount of the stimulus payment is increased to $ 2,000, pending deposits of $ 600 may be delayed. In addition to this, those who have already made deposits must update the amount with an extra deposit, in a process that the IRS has not specified.

The Senate will discuss between this Wednesday and Thursday the approval of the aid increase to $ 2,000 dollars, supported by the Democrats and President Trump, but rejected by the Republicans.

If an increase is applied to direct assistance, there would be no changes to the approved rules about who would benefit, that is, people who earn up to $ 75,000 annually or $ 150,000 per couple.

After those amounts, the amount is reduced to zero, if the person earns $ 99,000 per year or $ 199,000 per couple.

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