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May 20, 2020

“Millions more are on the way every week”


More than 130 million individuals have already received Economic Impact Payments (EIPs) worth more than $200 billion, according to the IRS. “Millions more are on the way every week,” said IRS Commissioner Chuck Rettig, to help offset economic damage caused by the novel coronavirus (COVID-19) crisis. The U.S. Treasury Dept. and the IRS have just released a state-by-state breakdown showing how payments made in the first four weeks of the program have been distributed. The top three states both by numbers of EIPs, and by total dollars delivered, are: California, Texas and Florida. Find your state here: https://bit.ly/2xRXcjs 

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Filed Under: Federal Tax Posts

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