Tag: Stimulus

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You might owe the IRS money if they sent you a letter about an error in your stimulus check

Evidently there was a math error made by the IRS, resulting in millions of Americans accidentally receiving stimulus checks they should not have. Now, they need to pay the money back. The IRS recently sent letters to Americans that owe the stimulus ... MORE
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Can stimulus checks or Child Tax Credits impact social security payments?

Any emergency assistance provided throughout the pandemic will not impact social security benefits. It will not change eligibility either. To put beneficiaries at ease, the Social Security Administration has listed everything considered financial assistance that would not change payments or eligibility for ... MORE
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Will IRS get tax refunds, stimulus payments arrive by December? Will bank, Venmo, or CashApp transactions be targeted in 2022?

Is the IRS going to get all tax returns and refunds processed by the end of the year? Will they finally be given the chance to go after those who use payment platforms like CashApp or Venmo? Last month Democrats proposed that ... MORE
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Fourth stimulus check coming soon? $1,400 for seniors and $600 for grocery store workers

When will a fourth stimulus check be deposited into bank accounts? That question has loomed large in American politics after three stimulus checks worth $1,200, $600, and $1,400 were distributed by the IRS since the start of the coronavirus pandemic. Last week ... MORE
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If you get social security are you getting a fourth stimulus check?

A group of advocates that want to help senior citizens is asking Congress to approve a fourth stimulus check for social security recipients. While the recent increase of COLA was announced at 5.9%, the struggle to make ends meet as inflation only ... MORE
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Are you one of the people who could get a fourth stimulus check worth $1,400?

The American Rescue Plan Act has provided Americans with many checks and tax credits as relief from the pandemic. Many people say a fourth check is necessary. Specifically, for senior citizens. The group called The Senior Citizens League is pushing to get ... MORE
News, SSI, Stimulus
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Will New York add $3 billion to stimulus program for undocumented workers? Most eligible for $15,600 payments

Governor Kathy Hochul has not shut the door on replenishing the Excluded Workers Fund. The $2.1 billion fund was established by New York State as a stimulus for undocumented, immigrant workers who didn’t qualify for the first three stimulus checks issued by ... MORE
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Fourth stimulus check update: $2,000 direct aid payments could be approved now

A fourth stimulus check worth $2,000 could become a reality soon as data mounts about success of past payments. A new study by the Capital One Insight Center shows that three stimulus checks were not enough and a fourth direct aid payment ... MORE
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Study claims parents will quit if child tax credit payments are extended: Does stimulus hurt labor?

Advance child tax credit payments were an integral part of the American Rescue Plan, which was approved by Congress and signed into law by President Joe Biden in March. The direct aid relief bill also sent $1,400 stimulus checks to most Americans ... MORE
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What are the chances of a fourth stimulus check? Billions spent already, but slow economic recovery raises concerns

Billions of dollars has gone out to Americans in stimulus checks since the start of the coronavirus pandemic. Will there be a fourth stimulus check delivered to those who make less than $75,000 per year? That has been a major question on ... MORE
Coronavirus, News, Stimulus
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When will child tax credit payments be deposited? Will stimulus be extended into 2022?

The average family received over $5,000 as result of the advance child tax credit payment program included in the American Rescue Plan. The payments began in July, and later this week the fourth round of checks will go out to parents and ... MORE
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Americans hope for $1,400 stimulus checks as changes may create enough money for two more rounds

President Joe Biden has changed the tax rate for the richest Americans and corporations, which could make enough money for Americans to get two more stimulus checks for $1,400. The rate went from 21% corporate rate to 28%. The Biden stimulus package ... MORE
News, Stimulus
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Millions of American taxpayers owe the IRS following stimulus check math error

The Taxpayer Advocate Service recently conformed that the IRS has distributed 9 million notices to taxpayers between Jan. 1 of this year to July 15. According to KTVU, this means that people who claimed the recovery rebate may have had a math ... MORE
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Some parents will get an additional $1,400 stimulus check next year

Any family that welcomed a new baby during 2021 will see the $1,400 next year when they file their taxes in 2022. During 2021 parents received $1,400 for each child thanks to the American Rescue Plan Act. Other parents had their baby ... MORE
IRS, News, Stimulus, Tax Refund
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$500 monthly stimulus checks for three years with new program

A new program in Ann Arbor is considering giving certain families $500 per month for three years. Acting City Administrator John Fournier says it’s based on financial income. The pilot program is similar to one done in Stockton, California. This is doubling ... MORE
News, Stimulus