Menu

Xpatax Solutions

Specializing in international and expatriate US tax planning and preparation

COVID-19 Tax Filing Updates and Economic Impact Payment Details

The IRS has extended tax filing and payment deadlines for all taxpayers to July 15

Our office is open, and we are working normally. We are responding to a number of requests currently and our response time may be slower than usual, but we will get to your inquiry.

Economic Impact Payment Eligibility

All US tax residents (US citizens and Green Card holders living anywhere in the world and any non-US citizens who reside in the US) may be eligible for a $1200 Economic Impact Payment ($2,400 for Married Filing Jointly Returns)

You are eligible for this payment if your Adjusted Gross Income was up to

  • $75,000 for individuals
  • $112,500 for head of household filers and
  • $150,000 for married couples filing joint returns

You will receive a reduced payment if your Adjusted Gross Income is between

  • $75,000 and $99,000 if their filing status was single or married filing separately
  • 112,500 and $136,500 for head of household
  • $150,000 and $198,000 if their filing status was married filing jointly

Adjusted Gross Income is your taxable income after taking any foreign earned income exclusion and other income deductions into account and before applying the standard or itemized deductions. It is found on line 7 of your 2018 1040 or line 8b of your 2019 1040.

How to receive this payment

If you filed your 2018 or 2019 tax return, you do not need to do anything to receive this payment. It will either be direct deposited in the bank account the IRS already has or you will be sent a paper check to the address on your 2018 or 2019 tax return.

If you have a US bank account, but have not yet provided this to the IRS because you have not owed taxes, you can provide this information to the IRS here: https://sa.www4.irs.gov/irfof-wmsp/notice

If you did not file your 2018 or 2019 taxes because you were not required to file, you can enter your payment information here:https://www.freefilefillableforms.com/#/fd/EconomicImpactPayment

If you are a US Citizen or Green Card Holder, you are required to file and report your worldwide income regardless of where in the world you live. You can use this tool to determine whether you were required to file taxes is 2018 or 2019: https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

If you were required to file your US taxes in 2018 and you have not yet done so, we would be happy to help you get that taken care of. Please use the contact page to get in touch.