If you are one of those people who has not yet received the $ 1,200 or $ 600 check authorized by the federal government you can claim on your sheet for the 2020 contributory year that started a week ago.
“There are taxpayers who for various reasons have not yet received the $ 1,200 or the $ 600 or have not received compensation for their dependents. Or [experimentaron] demographic changes. To give you an example that in 2020 a new dependent has been born for this taxpayer you can apply for the $ 600 dependent on the $ 1,200 program retroactively. In the same way, [puede solicitar] the additional $ 500 for the second economic incentive program, ”Treasury Department Secretary Francisco Parés said during a press conference.
According to the official, people must present this information in Annex B3 of the payroll and it will allow him to claim these incentives he has not received them or he is entitled to an additional payment for his dependents.
“[El anejo B3] its main purpose is to allow those persons who understand that they have not received the incentive of $ 1,200 and $ 600 in whole or in part, as required by law, to be able to make this reconciliation and make the corresponding claim through the payroll, ”Parés said.
Those people who have received an email informing them of the amount of funds they have received on these incentives, Parés explained that this is a measure to inform the person of the total amount they received according to the Treasury records. .
“The economic impact notices that have been sent are basically requirements by law where the Department of Finance informs the public how much the Department of Finance, according to our records, has disbursed to them on this economic impact payment. Particularly from the $ 1,200 and $ 600 programs. This helps transparency and the person to know how much the Department of the Treasury that sent it to that person understands and that it serves the person to be able to complete this new annex that s ‘includes with the spreadsheet which is Annex B3,’ he added.
While Parés warned people to, if they have not received the checks of $ 1,200 or $ 600, check that the names and numbers of Social Security match the records in the Treasury.
“We love that 3% of Social Security have been prevented from receiving the incentive either as a taxpayer, or as a partner or dependent in the cases it applies for not complying with this requirement imposed by the federal government, “he said. .
“A good practice, in cases that have not received payment, check your Social Security card and check how your name and Social Security number is written and make sure that when making the claim and file “His name and Social Security number serve perfectly. Not an approximate one, but perfectly with what this Social Security card says. If you don’t square, the DH is completely prevented from being able to issue payments,” Parés added.
PUA, unemployment and checks of $ 1.2oo and $ 600 are not taxable
For his part, Parés reiterated that the checks that people have received for Pandemic Unemployment Assistance (PUA) and unemployment are not taxable, but must be reported. At the same time, he noted that the $ 1,200 and $ 600 checks are also not taxable, but must be reported on the form under Appendix B3.
“I clarify: for Puerto Rican purposes, both the PUA and regular unemployment and the $ 1,200, $ 600, are economic benefits that are not subject to taxation in Puerto Rico. I emphasize this. There is certainly an Exempt Income appendix to our income contribution template, Appendix IE. My recommendation is to follow the instructions included with the payroll and report this income. But it’s informative for the state, they don’t pay taxes “, Noted Parés.