IRS Economic Impact Payment

IRS Economic Impact Payment

The IRS has issued a pamphlet regarding the Economic Impact Program, part of the 2 Trillion Dollar Recovery program recently enacted by the Federal Government. Important reading for everyone!

As you know, one aspect was that most citizens would be eligible for a one-time payment of up to $1200.00.

Read the Economic impact payments: What you need to know

We at OANA would like to thank Thomas Ryan, Accountant and Community Board 1 Queens member for this update.

Please note that it was reported 0n April 2nd by Treasury Secretary Mnuchin that he will not require seniors who have not filed IRS returns the last 2 years to file a return to be eligible to receive the payment.

We hope that most of your questions are answered.

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Mr. Khuzami has been a member of Community Board 1 in Astoria, NY for the last 20 years. He sits on the Zoning and parks Committees and is on the Executive Board. Previously, he served as Parks and Culture chair of Community Board 1 for eleven years and also chaired Capital and Expense priority Committee. He is a member of the Queens General Assembly and had been a panelist for grant submissions for the Queens Council on the Arts (QCA). Richard also is an officer of The Eastern Mediterranean Business Culture Alliance (EMBCA) and President of OANA.