Good news for eligible Americans who can avail the direct payments worth up to $700.
Good news for eligible Americans who can avail the direct payments worth up to $700.
New Direct Payments For Millions Of Americans
On Wednesday it was announced that a new direct payment is on the way for some American households that could be getting worth up to $700. Dues economic crisis in the US is getting worse, which is why some state governments have decided to support families with extra funds. It will assist offset the stress of inflation and Covid-19.
Moreover, this year there has been steady economic support for Americans. Now, The Sun has announced that several Illinois households have been waiting to receive their direct payments worth up to $700 and they will be delivered soon. Furthermore, there’s a new way on tracking your payment. Two Illinois tax refunds were issued this year, one for individual income and one for property taxes but state officials warned that it can take months to process all the money since they are set for six million households. For verifying the status of the direct payment just go online through My Tax Illinois.
The payment is made the same way that the Illinois income tax refund was sent in 2021, meaning if you choose a direct deposit the money will be sent to your bank account. However, for those who received their check in the mail, the payment will arrive a little longer Filed Under Illinois direct payments
Are Eligible for the Direct Payment?
To be eligible you must be a resident of Illinois in 2021 and the gross income indicated on your tax return should be less than $200,000. For joint filers, this amount was $400,000, and the deadline for submission will be before October 17 of this year.
Your filing status and the number of dependents you listed in 2021 will depends on it. the individual qualifier will receive $50 (or $100 if filing jointly), plus $100 for each dependent, up to three. For instance, one married couple with three kids will receive a rebate of $400.
The property tax rebate is $300, and you might earn the maximum amount you could receive in total is $700. People who qualified for this payment also had to earn less than $250,000, or $500,000 if married filing jointly, and being a 2021 Illinois resident.
