News

Friday April 3, 2020

Our News
Thank you for your interest in The DuPage Foundation. Our hope is to serve you and your family with helpful information.
More
Savvy Living
Is Medicare covering testing for the coronavirus? My husband and I are very nervous about this virus and would like to...
More
Washington News
On March 27, 2020, the House and Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under this massive bill, there will be $1,200 direct payments to individuals. Qualified dependents increase the payments to families by $500 per qualifying child. There are multiple rules on the direct payments to individuals. The payments by the IRS will generally be based upon your 2018 or 2019 income tax returns. Joint Return – A married couple will receive a payment of $2,400. Children – Each dependent child qualifies for a $500 amount. There are no limits to the number of dependent children. The definition of a dependent follows the IRS guideline that you must provide one half of the support and the child must live with you for one half of the year. Adopted and foster children also qualify. Limits on Individuals or Married Couples – The $1,200 check to individuals starts to be phased out at $75,000 of income for single filers and is completely eliminated for single filers with incomes over $99,000. For married couples, the $2,400 payment is phased out between incomes of $150,000 and $198,000. Direct Deposit – The IRS will deposit the check...
More
Personal Planner
Bill and Alice started their family business many years ago. The early years were very challenging. Both worked without...
More
scriptsknown