I see this article online.
Federal Government Sending Some Stimulus Payments On Visa Debit Cards
By Katie Lobosco, CNN
May 19, 2020 at 7:00 am
(CNN) — The Treasury Department said Monday that it will start issuing some
stimulus
payments by sending a debit card to people in the mail.
Until now, payments had been either directly deposited in an individual’s bank
account
or sent as a paper check.
About 4 million payments will be sent on a debit card. It could mean that those
people
receive their money faster than if they had to wait for a check.
The Visa debit card can be activated immediately and can be used to make
purchases,
to get cash at an ATM or to transfer funds into a bank account without being
charged
a fee,
Treasury said
.
The direct stimulus payments — which are worth up to $1,200 per individual and
up
to $2,400 per couple — were included in the $2.2 trillion aid package passed in
March.
Over the past five weeks, Treasury has sent 140 million people their stimulus
payments.
That leaves about 10 million people who are still waiting.
The agency started by sending money to the people it could reach the fastest.
This
was anyone who had direct deposit information already on file with the Internal
Revenue
Service because they were due a refund on either their 2018 or 2019 federal tax
returns.
Others could use an IRS online tool to upload their bank account information or
they
could wait for a check in the mail. The agency sent checks out first to those
earning
less than $30,000 a year.
Social Security recipients who don’t normally file a tax return are receiving
their
stimulus money however they usually receive their monthly benefits.
Those being sent a debit card this week do not have bank account information on
file
with the IRS and would have otherwise received a check in the mail.
Low-income people who don’t earn enough money to have to file tax returns will
still
have to submit some information to the IRS, using an
online non-filer tool
, before receiving the stimulus money.
Eligibility for the payments is largely based on income, and it excludes
individuals
earning more than $99,000, head of household filers with one child who earn more
than $136,500, and married couples without children earning more than $198,000.
Families earning a little more may still be eligible if they have children. The
phase-out
limit depends on how many children they have. For a typical family of four, the
amount
is completely phased out for those with incomes exceeding $218,000.
Those who can be claimed as a dependent for tax purposes, like many college
students,
are also ineligible for the payments, as well as undocumented immigrants who
don’t
have Social Security numbers.
Payments are worth up to $1,200 for individuals, and $2,400 for couples — plus
$500
per dependent.
The-CNN-Wire
From: Tony Handley
Sent: Friday, May 29, 2020 3:10 PM
To: msb-alumni@xxxxxxxxxxxxx
Subject: [msb-alumni] Re: your goverment check.
Hi Connie. I don’t know where you’re hearing that trash from, but that’s what
it is it is trash. Anyone that receives their stimulus check it is the same
type of a Chuck as it would be if you were receiving an income tax Chuck from
the US treasury. No letter is in closed. I hope this helps. Take care and have
a great weekend.
Sent from my iPhone
On May 29, 2020, at 6:04 PM, connie grace <cgrace@xxxxxxxxxx> wrote:
I herd on the news, that people are throwing their stimulus checks away.
They come from a card holders company, and not from the Federal Government at
all.
So. they think they are frod or a sails pitch to get you to by the card.
Even though their is an letter in side telling them what it is.
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