US incentive package provides good news for Americans and Green Card holders living in Israel

The $ 2 trillion US economic incentive package also provides The $ 2 trillion US economic incentive package also provides good news for American citizens and Green Card holders living in Israel. Because the program, which includes $ 1,200 per person and $ 500 for a child under 17, also applies to Americans Living outside the United States to the extent that they meet certain conditions.
Contrary to current practice in Israel and the rest of the world, an American citizen is required to report bank accounts outside the United States and his or her worldwide income - even if he is not a US resident. Therefore, anyone holding U.S. citizenship or a Green Card is required to file a report on all of their bank accounts outside of the U.S. and an annual report to the U.S. Internal Revenue Service. "B.
Under the incentive plan, individuals who earn up to $ 75,000 a year (based on gross income in the latest U.S. income tax report), or up to $ 112,000 (if they are the individual who reports as head of household) will receive a check of $ 1,200. Couples who earn up to 150 $ 1,000 and filing a joint tax report will receive $ 2,400. This is in addition to paying $ 500 to work each child. Anyone who earns between $ 75 and $ 99,000 will receive a smaller amount. The condition is that the recipient will have a Social Security number, i.e. Social Security, but there are certain exceptions (e.g. visitors who are in the US without citizenship or other permanent status).
In 2017, the US Department of State estimated that 9 million American citizens live abroad.

l. Because the program, which includes $ 1,200 per person and $ 500 for a child under 17, also applies to Americans Living outside the United States to the extent that they meet certain conditions.
Contrary to current practice in Israel and the rest of the world, an American citizen is required to report bank accounts outside the United States and his or her worldwide income - even if he is not a US resident. Therefore, anyone holding U.S. citizenship or a Green Card is required to file a report on all of their bank accounts outside of the U.S. and an annual report to the U.S. Internal Revenue Service. "B.
Under the incentive plan, individuals who earn up to $ 75,000 a year (based on gross income in the latest U.S. income tax report), or up to $ 112,000 (if they are the individual who reports as head of household) will receive a check of $ 1,200. Couples who earn up to 150 $ 1,000 and filing a joint tax report will receive $ 2,400. This is in addition to paying $ 500 to work each child. Anyone who earns between $ 75 and $ 99,000 will receive a smaller amount. The condition is that the recipient will have a Social Security number, i.e. Social Security, but there are certain exceptions (e.g. visitors who are in the US without citizenship or other permanent status).
In 2017, the US Department of State estimated that 9 million American citizens live abroad.