Art Fair Insiders

Call for Artists, Making Money at Juried Art Fairs, Craft Shows and Festivals

A provision of the $2.2 trillion coronavirus relief package approved last month

will spread $250 billion in one-time direct payments across most households. Individuals with adjusted gross incomes (line 7 on your 2018 tax return) of up to $75,000 a year will receive $1,200, and married couples earning up to $150,000 will receive $2,400. The checks will shrink as incomes grow to no more than $99,000 for individuals and $198,000 for couples. 

How will you receive it? 

For eligible recipients who filed a tax return in 2018 or 2019, the IRS says the economic impact payment will be deposited directly into the same banking account that is reflected on the return. If you do not have direct deposit, a paper check will eventually be sent by mail to the address that is on your tax return, but that could take several weeks, even months

Warning from the IRS (April 6):

The IRS warned taxpayers to watch out for emails, text messages, websites, and social media attempts related to the coronavirus that request money or personal information. Taxpayers should not click on links from emails that appear to come from the IRS. The IRS and its Criminal Investigation Division have seen a wave of new and evolving phishing schemes against taxpayers.

In most cases, the IRS will deposit economic impact payments into the direct deposit account taxpayers previously provided on tax returns. Taxpayers who have previously filed but not provided direct deposit information to the IRS will be able to provide their banking information through a newly designed secure portal   www.irs.gov in mid-April. If the IRS does not have a taxpayer's direct deposit information, a check will be mailed to the address on file.

Do not get scammed.
No one from the IRS will be reaching out to taxpayers by phone, email, mail, or in person asking for information to complete economic impact payments.

More helpful information: https://grow.acorns.com/how-to-get-your-coronavirus-stimulus-check-...

And, some interesting analysis: 

Views: 835

Comment

You need to be a member of Art Fair Insiders to add comments!

Join Art Fair Insiders

Comment by Connie Mettler on April 14, 2020 at 12:04pm

Update:

UPDATE: The IRS and Treasury Department have said that some Americans will start receiving their economic impact checks at the end of this week, with most Americans receiving a check in May. Those with the lowest income levels will receive their checks first.  

According to the IRS, taxpayers with annual incomes below $10,000 will receive a check by April 24, below $20,000 by May 1 and below $40,000 by May 15. The rest of the checks will be issued by gradually increasing income increments each week. 

The IRS also announced that it is working on a tool called "Get My Payment" that will allow Americans to track when they will receive their checks. It is expected to be available on Friday, April 17 -- and I'll update you when it is. 

A reminder; individuals who earn up to $75,000 will receive a $1,200 payment and households that earn less than $150,000 will receive a $2,4000 payment, with the sum gradually decreasing for higher earners. 

Comment by Joel Lockridge on April 10, 2020 at 10:59pm

Still hopeful in Alabama.

Comment by Connie Mettler on April 8, 2020 at 11:29am

Thanks, Mckenna ... i loved that link but was trying to keep the post short. It is from my hometown paper in Fort Wayne, showing where we stood. Amazingly, I am better off than the median! Probably why I moved here (rather than Hawaii as I know some other people do live there) ... I can afford it. 

Anyone reading this, if you love statistics, click all the inks above. Yes/ no to Hialeah. 

Comment by Mckenna Hallett on April 8, 2020 at 11:08am

Thanks for this posting, Connie. The scammers are very active as are the rumors and fake potions that will cure everything! With so many on their devices even more than usual, there is more ways to get caught up in crazy stuff.

The article you linked had an even more interesting link that really will help artists when they are looking to return to the marketplace. It's all about where the most and fewest households are that will receive the stimulus: cities-where-the-most-and-fewest-people-would-benefit-from-covid19-...

Whatever kind of marketing (FB ads for example) being considered, this is valuable. And where should you do your next art fair? It shouldn't be anywhere near Hialeah, FL!

From the article:

Hialeah, FL

In Hialeah, Florida, we estimate that 98.11% of all households – which total 72,672 – would get a check of some sort. We estimate a little more than 95% of households would receive the full check of either $1,200 or $2,400, depending on whether the household is an individual or a married couple. The median individual income in the city is $18,089, while the median income for a family is $41,867.

Wow... $18K individual income!

Anyway... check out the article and see the list of the top cities where the fewest checks will be distributed. That's (literally) where the money is!


Fiber artists -- use this resource to find new buyers:  Advertise with Sweaterbabe.com. Reach over 60,000 fiber arts lovers.

Our 50 Best Art Fairs


Look Inside the 2018 Art Fair Survey:
Who Won and Why

Join the MasterMinds Group for personalized coaching on your Internet Lifestyle Business! 

60 Page Report - Best US Art Fairs

Click Here to
Learn More

Photos

  • Add Photos
  • View All

© 2020   Created by Connie Mettler.   Powered by

Badges  |  Report an Issue  |  Terms of Service