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Economic Impact Payments (EIPs) Eligibility

As Economic Impact Payments (EIPs) began to roll out this week, the IRS continues to field questions about eligibility. EIPs are intended to help mitigate the financial effects of the coronavirus (COVID-19). Eligible persons include: most U.S. residents (under certain income levels) who have a Social Security number and aren’t claimed as dependents by other taxpayers. You may be eligible if: you’re employed full or part-time, unemployed, self-employed, retired, disabled, receiving public benefits or have no income. Eligible adults can receive up to $1,200 ($2,400 for married couples) and $500 for each qualifying child. For more details, visit the IRS page here: