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USVI residents to receive $1,200 in Coronavirus relief package

Washington’s $2 trillion coronavirus relief package will put $1,200 directly into the hands of nearly every American, including United States Virgin Islanders, through income tax rebates, with the money arriving in a matter of weeks. Photo: VI Consortium
Small and large businesses and local government can also expect federal assistance help staying afloat amid the COVID-19 outbreak, said Congresswoman Stacey Plaskett on Friday. Photo: Internet Source
Small and large businesses and local government can also expect federal assistance help staying afloat amid the COVID-19 outbreak, said Congresswoman Stacey Plaskett on Friday. Photo: Internet Source
VI CONSORTIUM

CHARLOTTE AMALIE, St Thomas, USVI - Washington’s $2 trillion coronavirus relief package will put $1,200 directly into the hands of nearly every American, including United States Virgin Islanders, through income tax rebates, with the money arriving in a matter of weeks.

Washington’s $2 trillion coronavirus relief package will put $1,200 directly into the hands of nearly every American, including Virgin Islanders, through income tax rebates, with the money arriving in a matter of weeks.

The amount of those direct payments to individuals is tied to family size and income. Under the stimulus plan signed by President Donald Trump on Friday, most U.S. adults are to receive $1,200 coronavirus aid payment.

Married Couples get double 

For married couples filing taxes jointly, the payment is $2,400. Payments phase out for individuals with adjusted gross incomes over $75,000 ($150,000 for couples). Anyone making over $99,000 would not get a payment ($198,000 for couples).

Small and large businesses and local government can also expect federal assistance help staying afloat amid the COVID-19 outbreak, said Congresswoman Stacey Plaskett on Friday.

Additionally, there is $500 allotment per child under 17, Ms Plaskett said, adding that arrangements will be made for “non-filers” people who did not file federal or territory income taxes last year. “There is no earned income requirement for the rebate, but non-filers may need to take additional steps.”

Plaskett: VI Government to Manage Coronavirus Relief Payments to Individuals

For tax purposes, the territory operates under a mirror tax system - the “mirror code” — whereby USVI taxpayers pay taxes to the Bureau of Internal Revenue (BIR), just as stateside taxpayers file returns to the U.S. Internal Revenue Service.

Under the “mirror code,” the coronavirus relief payments will be made by the Government of the Virgin Islands, the Congresswoman said. The territory will be reimbursed for those payments by the U.S. treasury, she said.

Estimates are that 90 per cent of Americans will receive a direct payment, based on the formula set up by Congress. The money is expected to go out by direct deposit into individual bank accounts or paper checks delivered by mail.

It was unknown on Friday how much the Government of the Virgin Islands will have to expend upfront to make direct payments to residents. It also was unclear whether the territory has made provisions for the BIR to disburse the relief funds locally.

14 Responses to “USVI residents to receive $1,200 in Coronavirus relief package ”

  • ABC (28/03/2020, 17:11) Like (2) Dislike (4) Reply
    Not enough money
  • look at that (28/03/2020, 17:12) Like (6) Dislike (22) Reply
    So when are we going to get ours.
    • Princess (28/03/2020, 19:36) Like (14) Dislike (0) Reply
      Have a chat with your Queen.
      The one whose flag you fly.
    • @ look at that. Ur right (29/03/2020, 08:24) Like (2) Dislike (0) Reply
      All those government workers thst is sure of their salary will fight against people like you and i in the private industry that out of work have rent and all the other bills nothing change for us with no income....Thats where leadership comes in for fhe people sho are affected...
      • Hmmm (29/03/2020, 13:47) Like (1) Dislike (0) Reply
        Responsible adults save for a rainy day.
        Instant gratification ,entitlement and lack of pride is a curse.
        • look at you (30/03/2020, 22:59) Like (0) Dislike (0) Reply
          Thanks God you are a responsible adult with your bill***it. You are probably an employer or the child of an employer who make it difficult for responsible adults to save for rainy days like these because you or your family work them and underpay them. As a result, they have to live from pay check to pay check.
  • islander (28/03/2020, 18:13) Like (5) Dislike (0) Reply
    Bet they won’t copy that
  • Interesting (28/03/2020, 19:43) Like (3) Dislike (4) Reply
    The USVI cannot pay tax refunds How are they going to swing this payout,even if they will be reimbursed.
  • Eagle Eye (29/03/2020, 00:31) Like (1) Dislike (1) Reply
    They love to follow the USA so ours coming in the next two weeks.
    • Beg Hard (29/03/2020, 11:15) Like (0) Dislike (0) Reply
      It would have to come from the UK and allyo current Gov mucked up the oversight installed by the UK for RDA big time so
      Goid Luck.
  • Ronnie would (29/03/2020, 08:20) Like (3) Dislike (0) Reply
    That billion dollars in Social security Ronnie would go into it and help us because its only he can control those bull heads and boss ladies in social security... Carvin cant handle them..we know they dont wnt to give up that money... i honestly beliehe if we had Ronnie we would have gotten something... The labour minister is very quiet on this matter
  • about time (29/03/2020, 08:53) Like (1) Dislike (0) Reply
    at this time the United Kingdom should forward some compensation to the West Indies for all of those years of picking cotton & cutting sugar cane with out any payment we talking years of slave labor. Send the BVI governor to start that level conversation WE do not need any loans from the United Kingdom WE need compensation
    • Because (29/03/2020, 11:17) Like (0) Dislike (1) Reply
      How many times must the UK tell you that reparations they will not do.
  • Why (29/03/2020, 08:53) Like (1) Dislike (0) Reply
    Why we dont have our former Premier and health minister on the Virus stratrgy committee.....Im sure they can add positive input.


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