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Stimulus Relief Payments

We understand you may have questions regarding the latest Stimulus Relief announcement.
First United is prepared to receive stimulus payments, once we receive notice from the IRS we will notify customers accordingly.

When will I get my second stimulus payment?

Check the IRS.gov website for details. Payments are being processed via ACH, Check and Prepaid Debit Cards.

Will I receive a second stimulus check?

Treasury and IRS are scheduled to begin delivering the second round of economic impact payments as early as December 30th, 2020. You may be eligible to receive the second stimulus check, as we learn more, we will continue to update this page.

For the most up-to-date information please visit IRS.gov

Will I be notified when I receive an electronic stimulus payment?

Once we receive notice from Treasury and IRS of stimulus payments we plan to notify our customers via email.

For the most up-to-date information please visit IRS.gov

How much money will each person receive?

$600 for individuals, $1,200 for married couples who file a joint tax return. The payments will also include $600 for each dependent child under the age of 17, but It depends on your income.

Will everybody receive these payments?

No. There are income limitations based on your filing status.

Is there a calculator I can use to calculate my stimulus payment?

Click here to utilize the Forbes Stimulus check calculator. Based on your personal information it will provide an estimated amount of your stimulus payment.
You will find your adjusted gross income on Line 8b of the 2018/2019 1040 federal tax return

Is my stimulus payment taxable?

No. This is not taxable income.

Which tax year is used to determine eligibility?

For those who have filed 2019 taxes, that will be used to determine eligibility. For those who have not filed 2019 returns, the 2018 tax returns will be used.

† - Single adults with Social Security numbers who have an adjusted gross income of $75,000 or less will get the full amount. Married couples with no children earning $150,000 or less will receive a total of $1,200. And taxpayers filing as head of household will get the full payment if they earned $112,500 or less. Above those income figures, the payment decreases until it stops altogether for single people earning $87,000 or married people who have no children and earn $174,000.

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