How can you receive your “Stimulus checks” with the Recovery Rebate Credit? Haven’t gotten them yet? Are they taxable?
Organized by the American Club of Madrid and US Tax Consultants.
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CARES Act and CARES Act II
EIP1: Stimulus Check $1,200 & EIP2: $600 (MFS and MFJ)
Eligibility: Estimated over 2018 and 2019 Tax Return
Payments distributions: direct deposit, checks, payment cards.
Non-filers. IRS Tool GET MY PAYMENT (the IRS website)
How to cash the checks: Through a Bank Account in Spain, through the bank account in the U.S.A. What if you do not have a bank account in the U.S.A.? (ACA).
Payment timing of both checks
Recovery Rebate Credit in the Form 1040 2020
What about the Biden extension of the EIP2 up to $1400?
Agradeceria, a ser posible, me informasen como declarar estas ayudas directas del IRS (stimulus checks) en declaracion de renta aqui en España. En EE.UU. estan exentas de impuestos, y segun leo en un foro fiscal, en algunos paises tambien. Aqui en España segun el foro Rankia. estos cheques recibidos, deben tributar. Cara a la declaracion campaña 2020, como deberia reflejarse esta ayuda $1200 en la declaracion?. Muchisimas gracias
Cris, definitivamente es un ingreso y lo más razonable es que los “Stimulus checks” deberían tributar en el IRPF como rentas del trabajo.
Last week I received my third stimulus check at the bank. They are getting to me well.
I would like to apply for the Recovery Rebate Credit because I haven’t received any of the stimulus checks yet.
Javier, you should claim the Recovery Rebate Credit on your 1040 2020 Indivdual Tax Return.
Hola
I have received both stimulus check but my spanish bank will not deposit them as I do not have an American account can you give me any advise on how to cash them or should I return them
Appreciate any advise
Thanks
Sent from my iPad
Kathy,
You can deposit them in a US Bank account, if you do not have any, please check with ACA (American Citizens Aborad). They are offering a service so you can open a bank account in the US directly from your home.
Antonio