The IRS is issuing the third round of Economic Income Payments (EIP3) to some non-filing federal beneficiaries. Recipients will receive up to $1,400 per qualified individual and qualified dependent. If you have an adjusted gross income of $80,000 ($160,000 for married couples filing jointly) or more, you aren’t eligible for an EIP3. Social Security, Supplemental Security Income and Railroad Retirement Board beneficiaries, who didn’t file a 2019 or 2020 tax return (or use the IRS’s Non-Filers tool), should get their payments by April 7 if they receive their payments electronically. The IRS estimates that non-filer Veterans Affairs beneficiaries could be issued EIPs by mid-April. Call or visit our website for more information! www.mjscpa.com/
