Tim’s Tax News on the Tenth – May 2020

Timothy M. Hughes • May 11, 2020
IRS RELEASE STATE-BY-STATE ECONOMIC IMPACT PAYMENT FIGURES

On May 8, 2020, the Treasury Department and the IRS released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program's first four weeks.

The IRS Commissioner Chuck Rettig said “the vast majority of payments have been delivered in record time, and millions more are on the way every week. We encourage people to visit IRS.gov for the latest information, FAQs, and updates on the payments."

More than 150 million payments will be sent out, and millions of people who do not typically file a tax return are eligible to receive these payments. Payments are automatic for people who filed a tax return in 2018 or 2019, receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits, as well as Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who did not file a tax return in the last two years.

For those who do not receive federal benefits and did not have a filing obligation in 2018 or 2019, the IRS continues to encourage them to visit the Non-Filer tool at IRS.gov so they can quickly register for Economic Impact Payments. People can continue to receive their payment throughout the year.

Economic Impact Payments, totals by State:
State Number of EIP Payments Total Amount of EIP Payments
Alabama 1,996,007 $ 3,428,443,628
Alaska 277,432 $ 486,006,748
Arkansas 1,216,253 $ 2,128,987,406
Arizona 2,734,978 $ 4,712,311,770
California 13,564,730 $ 22,465,995,771
Colorado 2,141,841 $ 3,618,352,193
Connecticut 1,325,813 $ 2,162,539,412
Delaware 385,599 $ 646,913,592
District of Columbia 252,095 $ 349,400,662
Florida 9,169,713 $ 15,173,922,832
Georgia 4,069,403 $ 6,937,057,497
Hawaii 542,426 $ 923,960,321
Iowa 1,230,814 $ 2,212,426,465
Idaho 672,496 $ 1,255,712,382
Illinois 4,844,140 $ 8,169,566,380
Indiana 2,742,791 $ 4,855,661,708
Kansas 1,098,473 $ 1,980,223,913
Kentucky 1,878,814 $ 3,282,818,708
Louisiana 1,877,721 $ 3,180,135,799
Maine 594,555 $ 1,005,363,003
Maryland 2,186,404 $ 3,575,993,478
Massachusetts 2,503,206 $ 4,008,005,049
Michigan 4,081,884 $ 7,045,417,642
Minnesota 2,124,142 $ 3,714,368,466
Missouri 2,482,825 $ 4,337,599,739
Mississippi 1,225,834 $ 2,086,932,244
Montana 433,767 $ 759,469,674
Nebraska 743,803 $ 1,349,417,300
Nevada 1,279,890 $2,131,071,471
New Hampshire 560,833 $941,099,188
New Jersey 3,208,179 $5,287,240,934
New Mexico 851,449 $1,442,523,522
New York 7,737,476 $12,523,017,409
North Carolina 4,076,334 $6,985,338,563
North Dakota 287,210 $510,578,907
Ohio 4,916,174 $8,322,111,961
Oklahoma 1,556,747 $2,777,598,152
Oregon 1,658,586 $2,782,872,801
Pennsylvania 5,215,824 $8,821,284,132
Rhode Island 446,941 $725,567,957
South Carolina 2,060,588 $3,522,197,950
South Dakota 343,860 $625,042,408
Tennessee 2,881,709 $4,980,110,718
Texas 10,728,541 $18,796,209,760
Utah 1,075,546 $2,091,334,753
Vermont 267,295 $450,251,509
Virginia 3,196,178 $5,456,000,257
Washington 2,856,962 $4,875,983,730
West Virginia 784,111 $1,363,560,122
Wisconsin 2,307,675 $4,025,320,018
Wyoming 225,830 $407,690,034
Foreign addresses 595,548 $977,830,929

If you would like more details, please do not hesitate to call our office. Our office has been successful in helping taxpayers with IRS and IDOR collection problems for over 28 years. If you have a tax or debt problem, please contact me at 847-705-9698 or thughes@lavellelaw.com and find out how we can help you.

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Lavelle Law, Ltd. is registered with the Illinois Department of Financial and Professional Regulation as an approved continuing education provider for CPE for CPAs and Enrolled Agents. If your organization is seeking CPE courses in the area of Business Law, Innocent Spouse Relief, IRS Collections, Tax Scams (including ID Theft) or other areas in tax law that can be taught at your office, please contact me at thughes@lavellelaw.com.

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