No Need to Repay U.S. Relief Money ~ Treasury

Caribbean nationals and all other legal residents of the United States will not have to repay the government for money received by individuals as relief during the novel coronavirus (COVID-19) crisis.

The money was allocated as part of a $2.2 trillion government stimulus package.

Those who make up to a certain amount - $150,000 for married couples $75,000 for individuals - are scheduled to receive $2,400 and $1,200, respectively. An additional $500 payment will be made for each child.

Speculation circulated on social media indicated that the relief money would be taxed next year. However, the U.S. Treasury Department and Internal Revenue Service confirmed last month that the money would not have to be repaid in next year’s tax filing.