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Over $51M worth of stimulus checks already out
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Posted on Jul 22 2020
Over $51 million worth of the economic impact payments, more popularly known as “stimulus checks,” is being issued by the CNMI Department of Finance.
Finance Secretary David Atalig said the department has projected to release about $55 million worth of the payments, and is currently continuing its weekly release of stimulus checks.
“We had estimated about $55 million that we projected that we’ll be releasing and, as people submit their 2019 returns, I expect to have another few million dollars just for stimulus based on their 2019 tax returns,” he said.
Early July, Finance announced that the total available funding for the Economic Impact Payments in the CNMI increased to $54.7 million, a $7.6-million increase from the original set by U.S. Treasury for the Commonwealth to receive.
The remaining amount is for taxpayers who have had issues in their tax returns, or who needed to confirm or verify their dependents.
“We are releasing stimulus checks on a weekly basis. Once people clear up any deficiencies or any issues regarding their tax returns, we are clearing those out and we’re releasing stimulus check.”
“Some people did not file zero and some people did not file the taxes at all but, once they do file, and they do qualify, we will release the stimulus to them,” Atalig added.
Stimulus checks provide up to $1,200 for every eligible individual, $2,400 for joint returns, and $500 for every qualifying child.
For issues on stimulus checks, contact the Division of Revenue and Taxation at 664-1067, 664-1000, or 664-1019; email stimulus@dof.gov.mp; or visit the Department of Finance office at the Joeten-Dandan Building, Monday to Friday, 7:30am to 4:30pm.
