Using the Get My Payment function on IRS.gov, users can determine whether their third payment has been scheduled. The third Economic Impact Payment’s amount is not displayed by the tool.
Compared to previous stimulus payments, the third EIP’s payment method might be different. While more people are getting direct deposits, those who receive payments through the mail can obtain an EIP Card or a paper check.
Eligible individuals are urged by the IRS and the Treasury Department to visit Get My Payment to find out if their payment is scheduled to be delivered by mail as a cheque or EIP card, or as a direct deposit.
Who needs to file a US tax return?
Being a dual citizen or expat American living in Saudi Arabia has its own set of difficulties, particularly with regard to taxes. The United States has a distinct tax system in which the income of its citizens and green card holders is taken into account globally.
It is therefore crucial to remember that, if you are in Saudi Arabia, your income is subject to US taxes regardless of where it is obtained.
Who should file a tax return?
Let’s examine who is required to submit a tax return. It matters not only where you work but also how much you make and whether you are:
married and Individual Filers: Than $12,950? It’s time to send in your taxes.
Matrimonial and Joint Filing: $25,900 is the key figure in this case.
Married but submitting separate forms: This is a little difficult.
You must file even if your spouse is neither a US citizen or a holder of a green card, and even if your income is as low as $5. Recall that these numbers pertain to your whole income from all sources, not simply Saudi Arabia or the United States.
What about non-working spouses?
This situation frequently leads to confusion: You are unemployed and married to a non-American. Perhaps you’re just taking a break or looking after the kids. You may still have to file a tax return in that case. It may surprise you to learn that you may need to file even if the bank interest is only $5.
What is the purpose of Form 8938 and FBAR?
The tale is not limited to tax returns. You must file an FBAR if the total amount of funds in your international bank accounts at any point throughout the year exceeds $10,000. All of this has to do with preventing tax evasion and maintaining transparency.