North Carolina, Raleigh– President Donald Donald Trump signed an economic rescue law. Among other benefits, this law will provide refunds financial aid (economic stimulus checks for $1200) as part of a package of measures that seek to reduce the economic impact of the coronavirus pandemic.
This new law is known asCoronavirus Aid, Relief, and Economic Security Act (CARES Act). Under this program, most taxpayers who have a Social Security number and who have paid taxes in the last two years or who have social security benefits will receive a check for $1,200. This financial aidit leaves out the undocumented immigrant community and, in some cases, also mixed-status families.
"To clarify, the $1,200 checks will only go to people with a Social Security number, DO NOT to immigrants with the Taxpayer Identification Number (ITIN)," Democratic Congresswoman Alexandria Ocasio-Cortez wrote on her Twitter account.
"Shameful, several million immigrants and their families across the country who work and pay taxes will not receive a dollar from this COVID-19 relief package," he said in a statement. declaration the National Immigration Law Center organization.
- Alexandria Ocasio-Cortez (@AOC) March 26, 2020To clarify, $1200 checks are ONLY going to some w/social sec numbers, NOT immigrants w/ tax IDs (ITINs).
Thanks to GOP, these checks will be cut off the backs of *taxpaying immigrants,* who get nothing. Many are essential workers who pay more taxes than Amazon.
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Who will receive $1.200 stimulus checks?
●DACA and TPS
In a conference call held this afternoon and where Enlace Latino NC was present, Jackie Vimo, a public policy analyst at the National Immigration Law Center (NILC), said that “the stimulus checks for $1,200 will be received by American citizens and a large part of the population who have a Social Security number but are analyzing the plan. to know the technical details.”
Regarding the benefits of the Deferred Action for Childhood Arrivals Program (DACA) and Temporary Protected Status (TPS), Vimo mentioned that they would qualify “because they have a Social Security number.”
● Legal resident
Permanent residents would also qualify. According to the IRS and the tax law of the United States, "resident aliens" are people who have green cards or people who can demonstrate that they have been physically present in the United States long enough to establish "substantial presence."
●Families with mixed status
On this topic in the conference call they mentioned that the technical details are being reviewed to find out how it impacts them.
In the event that you have a child or children who are citizens but the parents are not, you must wait for guidance from the Internal Revenue Service (IRS) to know for sure if you can receive help for them.
Meg Wiehe, deputy executive director of the Institute on Taxation and Economic Policy, told Univision Noticias that it is possible that a father or mother with an ITIN can obtain help for their child with Social Security, but she made it clear that they must wait for guidance from the IRS.
In the event that in a marriage one of the spouses has a Social Security number and the other has an ITIN number, you must wait for the guide that will be issued after the law is enacted to be certain of whether or not they will receive the aid. .
Some experts believe it may be possible to receive it if you have not filed a tax return jointly.
Likewise,an analysisof the Congressional Research Service on the bill stated: "Taxpayers who provided an individual taxpayer identification number (ITIN) are not eligible for the credit. Therefore, married couples in which one spouse has an ITIN. Social Security and the other an ITIN number are not eligible for the credit."
Therefore, we must wait for the regulations to be published.
Amounts
The proposal includes an allocation of nearly $250.000 billion that will be reserved for a direct payment with a check of $1.200 to individuals who have an income of less than $75.000 a year, plus $500 per child 16 years of age or younger who is in their care.
Even so, people who earn more will also receive one of these aid: couples without children who earn $150.000 or less will receive $2.400 and family units with incomes below $112.500 annually will benefit from the maximum of $1.200.
The total amount of the benefit that citizens receive is progressively reduced to a limit of $99.000 for individual taxpayers and $198.000 for married couples.
How will they send the money
The United States Internal Revenue Service (IRS) will send payments as adirect deposit to the taxpayer's bank account. This will only happen if bank details were included in your return. Otherwise, taxpayers will receive a check in the mail.
The law requires people to be current on their taxes in 2018 or 2019 or receive social security benefits toget help immediately.Those who did not file taxes must do so this year to receive the payment, Wiehe said.
Contribution to the state and national economy
A report from the Institute of Taxes and Economic Measures (ITEP) mentions that in 2017 the state and local tax contributions of undocumented immigrants amounted to $277,402,000. This in the case of North Carolina.
According to the report, 50% of undocumented immigrant households currently file tax returns with ITINs. Many who do not file income tax returns have taxes deducted from their paychecks.
At the national level,the report states ITIN taxpayers contribute an estimated $11.74 billion in state and local taxes annually.In 2015 alone, ITIN taxpayers paid $23.6 billion in federal taxes.
According to a report from Migration Policy Institute, about 16,7 million people live in mixed-status families in the United States as of March 2019. About 11 million of those people are undocumented.
The Government announced that it will automatically transfer the money from the stimulus checks within three weeks.
