Did you receive an Economic Impact Payment (EIP) for less than you expected? EIPs are part of the tax relief intended to help mitigate the effects of the novel coronavirus (COVID-19) crisis. Generally, the EIP amounts are predictable (up to $1,200 if you’re under a certain income threshold). But amounts may be less for reasons including: misunderstandings about the eligibility of dependents for $500 per eligible child payments; past-due child support; and garnishments by creditors because EIPs aren’t protected from garnishment once they’ve been deposited into a taxpayer’s bank account. For more details: https://bit.ly/3fDWJCz
