Discover 3 Unfortunate Reasons 1 Million Black Families May Not Get Stimulus Checks

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3 REASONS WHY UP TO 1 MILLION BLACK FAMILIES MAY NOT GET A STIMULUS CHECK

Nationwide -- The Trump Administration has approved a $2 trillion dollar stimulus bill that will send money to millions of families to help compensate them during the COVID-19 outbreak. Individuals can received as much as $1,200 each, and families can receive more than $2,500. But Randy Hughes, founder of Counting Pennies, a Black-owned nationwide accounting and tax firm, says that a lot of African Americans may not be getting a check.

Here are his reasons why:

#1 - No Bank Account: The funds will primarily be direct deposited, but more than 10 million adults in the United States don't have bank accounts. And yes, many of these are African Americans!

#2 - Did Not File Taxes: The amount of funds that a household can receive depends on the amount of money earned in either 2019 or 2018. That amount will be based on the tax return filed for that respective year. Sadly, more than 15 million people did not file taxes in either year. And again, many of these are African Americans.

#3 - Have Recently Moved: Because millions of people have not filed taxes in the past year or two, it's very possible that their mailing address with the IRS has changed. This means that those that don't have a bank account could receive a check, but it may be delivered to the wrong address.