The CARES Act provides for economic impact payments of $1,200 per individual ($2,400 for joint filers). (See Ropes & Gray Alerts on CARES Act, and certain key tax provisions of CARES Act.) The chart below summarizes the CARES Act, the IRS Press Release IR-2020-61, and the U.S. Department of the Treasury April 1, 2020 Press Release.
On April 2, 2020, the IRS Press Release IR-2020-65 warned of possible scams related to these payments.
Am I eligible for an economic impact payment? |
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What do I need to do in order to receive an economic impact payment? |
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How do I receive my economic impact payment? |
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How much will my economic impact payment be? |
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Do I earn too much money to receive a full economic impact payment? |
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