Here’s how much individuals will get from the Economic Impact Payments
Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have a Social Security number.
Here’s how much the payments will be:
- Eligible individuals will receive up to $1,200
- Eligible married couples will receive up to $2,400
- Eligible individuals will receive up to $500 for each qualifying child
Taxpayers will receive a reduced payment if their 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
Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an Economic Impact Payment.
Payments will also be automatic for people who receive Social Security retirement, disability (SSDI), or survivor benefits or Railroad Retirement benefits who don’t normally file a tax return. Those receiving these benefits who aren’t claimed as a dependent on someone else’s return or required to file a tax return are eligible for a $1,200 payment. However, people in this group who have qualifying children under age 17 will need to provide information using the Non-Filers: Enter Payment Info tool to claim the $500 payment per child.
The IRS encourages people to share this information with family and friends. Some people who normally don’t file a tax return may not realize they’re eligible for an Economic Impact Payment.
For additional and updated information, visit the Coronavirus Tax Relief page on IRS.gov.
In relation to the above information, the following are important updates that we want to pass along to you, our valued clients:
- Regarding the Federal stimulus payments, if you do not have any direct deposit information already established with the IRS, please go to https://www.irs.gov/coronavirus/get-my-paymentand click on “Get My Payment” to add your bank account information.
- If you were not required to file in 2019 or 2018, please provide information in order to get your stimulus payment, by clicking here: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
Please be aware that due to the high volume of taxpayers entering the sites, more than likely, there will be delays.
Homeowners & Renters
ATTENTION: Anyone Impacted as a Homeowner, Renter or Homestead Tax Credit Recipient, please see information below which was released by Governor Hogan on, April 14, 2020:
The Maryland Department of Assessments and Taxation is urging Marylanders to consider whether they may be eligible to apply for a Homeowners’, Renters’, or Homestead Tax Credit and to submit those applications online. Although processing times for all applications will be delayed for the remainder of the COVID-19 State of Emergency, our secure and convenient online services make it significantly easier to track and process applications submitted online.
The Department’s Tax Credits Public Counter in Baltimore remains closed until further notice to protect the safety of our customers and staff during this health emergency.
Homeowners’ and Renters’ Tax Credit
To apply for a Homeowners’ or Renters’ Tax Credit, please visit the One Stop portal at http://www.taxcredits.sdat.maryland.gov. Applicants will be able to complete and submit their application, as well as upload all supporting documentation. Please note that there are extended processing times and that we are unable to determine individuals’ eligibility for a tax credit until the July 2020 property tax rates are set by the counties.
The Homeowners’ Property Tax Credit Program provides tax relief for eligible homeowners by setting a limit on the amount of property taxes owed based on their income. If a resident has already paid their property taxes and applies before October 1, any tax credit that the homeowner may be eligible for will be refunded by their county finance office. The Renters’ Property Tax Credit Program provides tax relief for eligible renters who pay high monthly rent relative to their total income. This credit is issued in the form of a direct check payment of up to $1,000 a year.
Homestead Tax Credit
To submit an application for a Homestead tax credit, please apply online at https://sdathtc.dat.maryland.gov/. The Homestead Tax Credit limits the increase in taxable assessments for a principal resident to a fixed percentage each year. Therefore, if approved for the credit in 2020, many homeowners’ will not start receiving the credit until their property is triennially reassessed.
For additional questions about these programs, our Department requests that all customers communicate via email using the addresses below:
- Homeowners’ Tax Credits Program: Homeowners@Maryland.gov
- Renters’ Tax Credits Program: Renters@Maryland.gov
- Homestead Tax Credits Program: Homestead@Maryland.gov
For those who are unable to apply online or submit their questions via email, please call 410-767-4238 and leave a voicemail. We will do our best to return your call within 5 business days.
The administration and employees of the Tax Credit programs at SDAT thank you for your continued patience and understanding. We wish you good health.
For more information regarding the COVID-19 pandemic in Maryland, please visit Governor Hogan’s Coronavirus 2019 Disease Update page at https://coronavirus.maryland.gov/.
Most Social Security and Railroad Retirement recipients don’t need to file a return or provide information to get an Economic Impact Payment
Many people are receiving Economic Impacts Payments to help with the effects of the Coronavirus (COVID-19) pandemic. Among people getting payments for $1,200 are those who receive Social Security retirement, disability (SSDI), or survivor benefits and Railroad Retirement benefits. This includes those who don’t normally file a tax return and are not claimed as a dependent on someone else’s return.
Here are some things for these folks to know about the payment:
- Eligible Social Security (including SSDI) and Railroad Retirement beneficiaries whose benefits are reported on a Form 1099 SSA or RRB will not need to file a tax return or provide information to receive a payment. However, those recipients who have qualifying children under age 17 must provide information through the Non-Filers: Enter Payment Info tool to claim the $500 payment per child.
- Even though these beneficiaries are not typically required to file a tax return, they will still receive a payment.
- Social Security (including SSDI) and Railroad Retirement beneficiaries who don’t file a tax return who have qualifying children under age 17 must use Non-Filers: Enter Payment Info to claim the $500 payment per child.
- Economic Impact Payments will be sent automatically to this group of people the same way they receive their Social Security retirement, disability (SSDI), or survivor benefits or their Railroad Retirement benefits.
The IRS continues to explore ways to see if Economic Impact Payments can be made automatically to SSI recipients and those who receive veteran’s disability compensation, pension or survivor benefits from the Department of Veterans Affairs and who did not file a tax return for the 2018 or 2019 tax years. People in these groups can either use Non-Filers: Enter Payment Info option now or wait as the IRS continues to review automatic payment options to simplify delivery for these groups.