Appointments are available Monday - Saturday

Please call or email us to schedule a time.

1231 8th St Ste 365

Modesto CA 95354

How does the Economic Impact Payment Affect Me?

Who is Eligible for the Economic Impact Payment?

Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.

How will the IRS know where to send my payment?

The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.

For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

 

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Coronavirus Families First Response Act

Personal Taxes

Let us help you make sense of your taxes. With the tax code steadily getting more complicated and time a valuable commodity, we strive to make ta time fast, simple, and easy on you.

Tax Planning

First, not all tax professionals can do this. I build trust so I can place you in the best tax situation for your needs. You are my client or will be, and I want you to appreciate what I do. Secondly I want to make sure that we are not only giving you high quality tax preparation, but also actively looking for ways we can save you taxes in the future by using proactive tax reduction strategies. If we can save save you money on your future taxes by putting together a proactive plan, designed for you, is this something you want?

If yes, then contact me for more details.

Business Taxes

Let us help you make sense of your business taxes. With the tax code steadily getting more complicated and time a valuable commodity, we strive to make tax time fast, simple, and easy on you and your business.

Business Services

Big Ape Bookkeeping and Tax Service can help with any size business

  • Bookkeeping
  • Taxes
  • Budgets
  • Financial Planning
  • Payroll

No business is too small, getting your business’s financial plan and budget in place is one of the keys to running a successful business. Let us help you with the number crunching and free up your time to take care of your business and customers.

Taxes done with you in mind.