ACA In The News: Experts mobilize to help U.S. expats access CARES Act 'Recovery Rebate'
The American Expat Financial News Journal (March 29, 2020)
Experts mobilize to help U.S. expats access CARES Act 'Recovery Rebate'
"As reported, there were some concerns that Americans resident outside of the U.S. might not be included in the program, which is why the American Citizens Abroad (ACA) last week made a point of calling on key Congressional lawmakers and Treasury and IRS officials to ensure that this didn't happen. At least one Washington insider, unaffiliated with the ACA, noted that the inclusion of expats in the final wording of the legislation was helped by some 'last-minute advocacy', although he didn't give details.
The ACA is now among the organizations that have been coming forward with online explanations of the so-called Coronavirus Aid Relief and Economic Security (CARES) Act, and detailed information about how to go about obtaining it."
"In its materials aimed at helping expats obtain their CARES Act payments, the ACA notes that a type of checking account that it has been helping Americans resident overseas to obtain since 2016, with the State Department Federal Credit Union (SDFCU), will make it possible for overseas-resident Americans to receive their CARES Act 'by direct deposit'. Some see this as an advantage, particularly at the moment, due to the fact, as the ACA itself notes, that postal deliveries of checks sent by mail are likely to be 'slower and riskier' than during normal times, owing to the global coronavirus shutdown."