The Secretary of the Department of the Treasury, Francisco Parés alerted about the “false expectations” of some citizens who think they are eligible for the federal incentive of $ 1,200 and their dependents, when in reality not all of them qualify for the incentive.
“Being a dependent for tax purposes would not necessarily qualify for these additional $ 500. Features that are a little more restrictive, that are not an invention of the local government, are a replica of what is also happening at the federal level,” he said. the official during the Economic Task Force update on WIPR.
The incentive, included in federal CARES law, allocates $ 1,200 per individual earning $ 75,000 or less per year, and $ 2,400 for marriages earning $ 150,000 per year or less, as well as $ 500 for each dependent minor child.
The head of the Treasury explained that the university students over 17 years claimed in the returns also do not qualify for the incentive, as well as the pensioners who are also claimed in the returns of their children.
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In addition, he recalled that ASUME’s debts will be debited from the federal incentive. The official stressed that this is the only debt that will be removed from federal money.
On the other hand, at a press conference, Parés announced that “early” in the coming week they will enable the corresponding link to the taxpayers who filled out the 2018 return, so that they receive the federal incentive of $ 1,200. This second phase of the shipping program is estimated to include some 120,000 people.
In the first phase, the incentive was already sent to 569,000 taxpayers of taxable year 2019. This includes the first round of disbursements, and this week’s, which included those who entered their bank account in the link that was enabled for that purpose.
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