IRS, Treasury release state-by-state data on third round of Economic Impact Payments https://www.irs.gov/newsroom/irs-treasury-release-state-by-state-data-on-third-round-of-economic-impact-payments https://accountinginstruction.info/ WASHINGTON — The Internal Revenue Service and the Treasury Department released information today detailing how many people in each state received the third round of Economic Impact Payments through early June. The new details, available at SOI Tax Stats - Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Statistics, are through June 3 and provide a look at the number of payments by state XLS, income category XLS, filing status XLS and other features. The IRS continues to distribute Economic Impact Payments and the related 2020 Recovery Rebate Credit on a weekly basis as people continue to file income tax returns and as returns are processed. Ongoing payments will be sent to eligible individuals for whom the IRS previously did not have information to issue a payment but who recently filed a tax return, as well to people who qualify for "plus-up" payments. The statistics released today provide details on more than 163 million payments worth approximately $390 billion. Special reminder for those who don't normally file a tax return Although payments are automatic for most people, the IRS continues to urge people who don't normally file a tax return and haven't received Economic Impact Payments to file a 2020 tax return to get all the benefits they're entitled to under the law, including tax credits such as the 2020 Recovery Rebate Credit, the Child Tax Credit and the Earned Income Tax Credit. Filing a 2020 tax return will also assist the IRS in determining whether someone is eligible for an advance payment of the 2021 Child Tax Credit, which will begin to be disbursed this summer. For example, some federal benefits recipients may need to file a 2020 tax return – even if they don't usually file – to provide information the IRS needs to send payments for a qualifying dependent. Eligible individuals in this group should file a 2020 tax return as quickly as possible to be considered for an additional payment for their qualifying dependents. People who don't normally have an obligation to file a tax return and don't receive federal benefits may qualify for these Economic Impact Payments. This includes those experiencing homelessness and others. Individuals who didn't get a first or second round Economic Impact Payment or got less than the full amounts may be eligible for the 2020 Recovery Rebate Credit, but they'll need to file a 2020 tax return. See the special section on IRS.gov: Claiming the 2020 Recovery Rebate Credit if you aren't required to file a tax return. Free tax return preparation is availa ... https://www.youtube.com/watch?v=3XL_cirNq7o

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