House Speaker Nancy Pelosi issued a 48-hour deadline to strike a deal on a COVID-19 relief package if federal aid is expected to reach Americans before Election Day. Pelosi stated she and the White House are at an “impasse” over a bipartisan deal that’s expected to send $1,200 checks to most Americans. “We don’t have…
Tick Tock! 48 Hour Deadline Given to Strike a Stimulus Deal Read More »
The IRS has extended the deadline for approximately 9 million Americans to register to receive a federal stimulus check. The extension was pushed to November 21, from the original October 15 deadline to register for IRS.gov’s non-filer tool to receive stimulus money. The extension comes as the IRS attempts to reach millions of individuals who may qualify for
IRS Deadline Extended to Register for Federal Stimulus Checks Read More »
Yesterday, Democrats unveiled a scaled-down $2.2 trillion coronavirus relief package. This seems to be a last attempt to get Republican negotiators back to the table to strike a deal before the election. This pared-down Heroes Act is $1.2 trillion less than the original bill passed by the House last spring. Show Me The Money This
Better Than Nothing: Scaled Back Stimulus Package Unveiled Read More »
With so much talk of stimulus checks and a potential second relief package discussed in Washington, we at Fingercheck thought to answer the question, “where is all this money coming from?” To do that, we looked at money pumped into the economy by way of stimulus checks, PPP funding, and small business lending programs. Now,
Where Does All Government Money Come From? Read More »
Americans have patiently waited for a decision on whether to expect a second stimulus check. And wait they will. It seems a second check isn’t part of the plan. But first, let’s take a look at the pending government shutdown that’s looming. A plan is currently in the works to prevent a shutdown at the
Is the Plug Being Pulled on a 2nd Stimulus Check? Read More »
Republicans are trying to piece together a stimulus draft proposal for when lawmakers return from their recess next month. In a much more scaled-down version of the original stimulus package, we see that a second stimulus check is missing. In addition to no direct payments, this latest version also has reduced unemployment benefits of $300
Second Stimulus Check Missing from Latest Relief Package Proposal Read More »
Americans are on a stimulus check spending spree! This comes from data by The Bureau of Economic Analysis, which reported on Friday that personal spending rose 5.6% in June. This followed a surge of 8.5% in May. According to data from the Census Bureau people have predominantly been buying clothing and footwear. So essentially, this means we’re
How Long Can The U.S. Spending Spree Last? Read More »
Money received from the government usually comes with a catch. Coronavirus stimulus benefits come with a few that may surprise some that receive it. But there are some differences in what’s taxable and what’s not. Unemployment Benefits Are Taxable Unemployed workers who accept unemployment benefits should not be surprised this money is considered taxable income.
Is the Government’s Stimulus Checks Taxable? Read More »
Congress returned to Washington after a two-week break. Now, ten days remain before the end of the month and key provisions of the CARES Act set to expire. Furthermore, only three weeks are left before Congress takes its next recess in August. So, if anything gets done, it’ll need to get done fast! 2nd Stimulus
Show Me The Money: The State of a Second Stimulus Check Read More »
In a blog post from earlier this month, we reported a possible second stimulus check. And on Monday, President Trump promised one is indeed, on the way. Forbes reports Trump confirmed a second round of direct payments to Americans that will be included in Congress’ next coronavirus relief package. “We will be doing another stimulus package. It’ll be
A “Generous”, Second Stimulus Check On The Way? Read More »
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