Department of the Treasury
The Internal Revenue Service (IRS) moves federal tax filing and income tax payments for individuals and businesses from April 15th to July 15th, 2020.See here for more information.
CARES ACT Direct Payments to Americans:
- Checks of $1,200 for individuals with incomes at or below $75,000
- Checks of $2,400 for couples, and $500 for children for those with incomes at or below
- $112,500 for the head of the household or $150,000 for joint fillers
- Payments are phased out above those thresholds until it is phased out completely for single taxpayers with incomes exceeding $99,000 and $198,000 for joint filers