IRS CARES

By March 31, 2020Pers
Amerikaans belastingaangifte seizoen 2018

The US government introduced a financial help package for all Americans. This package is called the CARES act (Coronavirus Aid, Relief, and Economic Security)

The simple version is that part of the proposed package includes direct monetary payments to US Taxpayers, also the ones living outside the US. We will try to explain who is eligible, what you can expect.

Who is eligible for stimulus checks?

US tax residents with social security numbers, residing anywhere in the world, will receive checks depending on their income, which we outline below. Those with ITIN will not be eligible.

Filing Status Lower threshold Higher threshold
Single or Married Filing Separate < $ 75.000 > $ 99.000
Married filing Jointly < $ 150.000 > $ 198.000
Head of Household < $ 112.500 > $ 146.500

Lower threshold and below: $1,200 per adult & $500 per child under the age of 17

In between: Phase out reduction of $5 per $100 exceeding lower threshold.

Above upper threshold: $0

If you filed your 2019 return, the numbers will be based off of that. If you have not, the 2018 figure will be used.

Rubes US Tax Services during Corona

Rubes US Tax Services is specialized in Dutch/European-American tax questions. We help people file their US taxes and make sure to avoid double taxation. Also during these difficult times, we keep on doing your taxes. For now: hang in there and stay healthy!