The Guam Department of Revenue and Taxation announced today that on Thursday, October 15, 2020, DRT processed 238 EIP Program payments totaling about $328,174.
Altogether, for the months of April 2020 through October 2020, DRT processed 82,032 EIP Program payments totaling about $144 million. This represents about 96.27% of the total funding received from the U.S. Treasury.
In line with the CARES Act, DRT will continue to process EIP Program payments through December 31, 2020. Consistent with the IRS, Guam DRT urges all eligible non-filers to file their Forms EIP-NF as quickly as possible so that they will be able to receive their EIP Program payment.
Only eligible, Guam Form EIP-NF filers who file by October 15, 2020, by all filing mechanisms allowed by Guam DRT, will be able to receive their payments by December 31, 2020.
Anyone who files after October 15, 2020 will be required to file their 2020 income tax return in order to receive a credit for the Economic Impact Payment.
DRT must receive your Individual Income Tax Returns by October 15, 2020 to be eligible for the EIP.
Based on the EIP Program, a “validly filed and processed” Guam Individual Income Tax Return means that DRT is provided ample time to determine and validate eligibility.
Anyone who files their 2018 or 2019 Guam Individual Income Tax Return after October 15, 2020 will not be considered for the advanced EIP. However, these taxpayers may avail of the EIP upon filing of their 2020 Guam Individual Income Tax Return.