SBA EIDL Loan Assistance Provider

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 $1,200 per single filer (not claimed as a dependent on another taxpayer's return)

$2,400 joint filers

$500 per child who qualifies for the Child Tax Credit. (This is for dependents who are UNDER the age of 17) 

 Yes.  The limitations start once a taxpayer reaches the following income (based on Adjusted Gross Income on tax return):

$75,000 Single Filers (Single, Married Filing Seperate)

$112,500 Head of House Hold Filers

$150,000 Married Filing Joint Filers

Once the income has reached these amounts, it does not neccessarily  mean the taxpayer will not receive a credit, it just means it will be reduced. $50 of the credit will be reduced per $1,000 above the limitations (5%). 

• Nonresident Aliens
• Individuals with ITINS rather than SSN
• Dependents listed on your return 17 and up will not qualify you for the additional $500
• Dependents claimed on another taxpayer's return
• Estates or Trusts

The IRS will base information from 2019 returns as it is the most current. If a 2019 return was not yet filed, they will turn to 2018. If both returns have not yet been filed, you will receive the credit (or additional portion of a credit, if eligible) in 2020 Tax Returns done in 2021. 

The credit cannot be  reduced for certain unpaid debts, including debts owed to a federal  agency (excluding child support), past-due state income taxes, federal  taxes, or unemployment compensation debts. If you are behind in child support, your check WILL be reduce

The bill would require that individuals identified as eligible to  receive a payment be sent a notice that provides them with information  on the amount of the payment, how it will be delivered (direct  deposit/paper check), and a phone number at the Internal Revenue Service  (IRS) to call if the payment is not received.