The incentive of $ 1,200 for the beneficiaries of the Nutritional Assistance Program (PAN) could come in June, according to phases established by the Department of the Treasury for disbursements.
The agency’s secretary, Francisco Parés, explained that in the first phase the funds coming from the federal CARES law will be delivered to the citizens who filled out the 2019 return.
According to the head of the Treasury, the information of these taxpayers, such as their bank account number, is already updated in the Unified Internal Revenue System (SURI). Those who filed that return but did not offer their account number will do so next Friday when a link is enabled on the SURI website for it.
Last Saturday it began sending incentives to 230,000 taxpayers, for a total of $ 396 million federal incentive awarded.
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Meanwhile, the second phase will consist of the taxpayers who filed their 2018 income tax return. Since their information is not in SURI, they will have to report their bank account. This will be done in mid-May, Parés said in an interview with Jugando Pelota Dura.
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“In mid-May the same dynamic will begin with the 2018 returns, and at the end of May the people who do not file returns,” said the official, “he said.
On the other hand, the third phase of disbursements will include residents of Puerto Rico who are not taxpayers. This includes Nutrition Assistance Program (PAN) participants and Social Security beneficiaries.
Parés mentioned that once the bank account has been notified, it will take three to four working days for the corresponding funds to be processed and deposited, so that the disbursement of the beneficiaries of the PAN could be sent in June.
Meanwhile, it’s still unclear how the money will be sent to Social Security beneficiaries. The secretary of the Treasury said that he is in conversation with the IRS to establish a mechanism similar to the one implemented in the United States.