FayToday News

IRS UPDATE: Relief Checks / Tax Returns 2020

RELIEF CHECKS UPDATE:
? If I qualify, where will IRS send my relief check? If you filed your 2018 or 2019 tax returns, the IRS will use direct deposit they have on file and payment issued automatically.
????? Don’t have direct deposit on file or wrong / older info? The US Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately. Expect this in the coming weeks. Check by mail is also available.
?? Do I qualify even if I did not file a tax return in last 2 years? Senior citizens , Social Security recipients and railroad retirees who are not otherwise required to file a tax return, IRS will use info on forms SSA-1099 or RRB-1099. If you receive SSI (Supplemental Security Income) then you would need to file a basic tax return.
? How much will I get?
It depends if you qualify. Relief checks are $1200 for individuals or $2400 married jointly and up to $500 for each qualifying child for those who have income of $75,000 for individuals and up to $150,000 for married couples filing jointly. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.
? When will checks go out? IRS plans on starting to disbursing checks through direct deposit starting April 9 to have the first payments deposited by April 15th. This disbursement will be based on income, where lower income will receive a check s ooner. Paper checks will be distributed starting April 24th and received starting May 1st. These checks are distributed by the lowest income recipients first. Checks for earners of $20,000 or less would be in the mail May 1, followed by those with incomes of $30,000 on May 8, $40,000 on May 15, and continuing in income increments of $10,000 each week. Relief checks would be issued on Sept. 4 to married jointly taxpayers who earn $198,000. All others would be sent on Sept. 11

TAX RETURN UPDATE:
? The tax deadline has moved from April 15 to July 15, giving more time to pay your taxes if you owe or to file an extension. You may still e-file until Oct 15, 2020 without a late fee if you expect a refund, yet if you owe there will be late fee/interest added. You can file up to 3 years back to claim a refund, but prior years must be mailed to the IRS

+ MORE INFO: IRS.gov Economic impact payments: What you need to know  

NC Governor Cooper orders new changes for essential retailers starting April 13, 2020 at 5pm. Executive Order No. 131 Sets Policies for Retail Stores, E

nforces Mandatory Rules at Nursing Homes and Expedites Issuing Unemployment Benefits .

SUMMARY:
?? A retail store must limit the number of customer to no more than 20% of th eir fire capacity.
?? A retail store must mark 6ft of distance for gathering spots such as checkout lines
?? Encourages stores to have hand sanitizer accessible, create desi gnated hours for seniors or at-risk shoppers, make aisles one way, and use clear plastic protective shields at checkout

VIEW THE FULL REQUIREMENTS:
NC Governor Cooper press release

READ THE FULL EXECUTIVE ORDER:  Executive Order NC

Read FAQs a bout items in the order : frequently asked questions

SUMMARY: Cumberland County Schools

? GRADING GUIDELINES FOR SENIORS 2020:

? Seniors passing a second-semester course on March 13, 2020, will receive a Pass for the course. All passing courses will be labeled ‘PC19’ on the transcript.
? Seniors not passing any course required for graduation on March 13, 2020, are eligible to continue working to improve grades to obtain passing status. If student fails, they may withdraw from course and receive a ‘WC19’ grade.
???? A Valedictorian and Salutatorian will not be calculated due to the lack of grades for the spring. CCS high schools can receive honors such as Summa Cum Laude, Magna Cum Laude, etc
? Fall cours es: Fall grades will count toward each senior’s GPA. For semester-long courses, the final course grade will be counted into the GPA.
? Year-long Courses: Seniors enrolled in a year-long course will receive the grade from the first semester, which will be counted into the GPA, and a Pass (PC19) for the second semester. This PC19 assumes the student was passing the course on March 13, 2020 — the final day before schools were closed
? Spring Courses: Students will receive a Pass “PC19” or Withdrawal “WC19” based on their learning as of March 13 for spring courses.
? AP Courses: If your child is enrolled in an Advanced Placement (AP) class for the spring semester and they were passing on March 13, 2020, they will receive a Pass (PC19) for the final course grade. Students are strongly encouraged to participate in the AP exam if they registered with their AP testing coordinator before the November 15/March 13 testing deadlines. Exam dates will be May 11-22; the dates and times are set by the College Board. Make-up test dates will be available for each subject from June 1 through June 5

FOR EVEN MORE INFO FROM CUMBERLAND COUNTY SCHOOLS, VIEW:
https://bit.ly/class2020ccs

PHOTOS

2019 Fayetteville NC
Rotary C hristmas Parade

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