Coronavirus Relief Package: Who Qualifies for Individual Aid?
With the passage of the Coronavirus Aid, Relief, and Economic Recovery Act, recovery rebate credits for 2020 will be advanced as immediate cash payments of up to $1,200 for an eligible individual plus $500 for a qualifying child. Almost everyone is an eligible individual, but the are some qualifications and prerequisites. In this short briefing, Wolters Kluwer experts analyze the individual aid portion of the new relief package, including:
- Complete summary of the cash payment
- Explanation of the pay scale and prerequisites
- Discussion of gray areas that require further guidance
- And more
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