Starting today – July 15, families with children will receive more money due to the expanded Child Tax Credit. Working families can expect to receive up to $3,600 per child under the age of six, or $3,000 per under the age of 18. The credit would come as a monthly payment of up to $300…
Expanded Child Tax Credit Monthly Payments Start Today! Read More »
For the second year in a row, the IRS has decided to postpone the April 15th tax filing deadline. The new date is May 17. Details are forthcoming but the decision to delay the date was called for by many. The agency agreed with The American Institute of CPAs, the National Association of Tax Professionals,
IRS Pushes Tax Deadline Back One Month to May 17 Read More »
The $1.9 trillion stimulus plan called the American Rescue Plan is just one signature away from becoming law –And here’s what you need to know about it. While most Americans were focused on the $1,400 stimulus checks, it’s the extension of the child tax credit in the relief legislation that many are calling a radical
$1.9 Trillion “American Rescue Plan” Passed Read More »
As negotiations continue on the third round of stimulus checks, it appears fewer Americans would get them. Democrats have recently released a new bill adopting the same phase-out thresholds used for first and second-round payments. The bill will become part of the larger one that’s being pieced together as part of the Biden Administrations’ 1.9
New Provisions May Limit Who Receives a Third Round Stimulus Check Read More »
“As many as 8 million people are still waiting for their second stimulus checks”. That’s according to Brian Deese, the new director of the White House National Economic Council. “This is principally an issue associated with people who are non-filers.” If you think you’re one of these 8 million and you’re certain you meet all the
What To Do If You Never Received Your Stimulus Check Read More »
The in-coming Biden administration recently announced plans to extend eligibility for an additional $1,400 stimulus payment to adult dependents. This would include college students, as part of his $1.9 billion Covid-19 relief plan. By now, most Americans received two federal stimulus checks totaling $1,800, while others were excluded. Left out were college students between the
Stimulus Checks for College Students? Read More »
As stimulus checks find their way to American bank accounts, the IRS is asking that you don’t call them or your bank. Instead, it’s recommended you visit the IRS.gov website. The IRS said: “IRS phone assisters do not have additional information beyond what’s available on IRS.gov.” So, if you didn’t get your check yet, don’t worry. The
When to Expect Your Second Stimulus Check Read More »
After nine months of negotiations failing to produce a second Coronavirus relief package, Congressional leaders have finally reached a deal. Senate Majority Leader, Mitch McConnell (R), praised the long-awaited “bipartisan breakthrough,” saying the bill’s text must be finalized and, barring any “last-minute obstacles,” pass the House and Senate before President Trump can sign it into
Congress Finally Agrees On $900B Stimulus Package Read More »
Washington is close to agreeing on a desperately needed federal relief package. However, any relief package aimed at this goal is likely not to include stimulus checks. Some Democrats threatened Friday to oppose the legislation, arguing it’s “wrong morally” not to provide $1,200 payments to working-class families at a time when hunger in America is exploding. “The
Are Stimulus Checks Delaying a 2nd Federal Relief Package? Read More »
As Washington continues to debate the terms of a second stimulus check to boost your budget during the pandemic – you don’t necessarily have to wait. Republicans and Democrats have been negotiating for months — and still haven’t agreed on a new relief package that would include another round of those $1,200 checks most people received in
10 Ways to Create Your Own $1,200 Stimulus Check Read More »
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