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    MORE than three million taxpayers in Virginia are set to receive a rebate worth up to $250 within weeks. State officials have confirmed that the one-time-only payments will be sent out from September 19. 1Millions of Virginians are set to get a tax rebate worth up to $250 within weeksCredit: Getty Around 3.2million Americans are expected to receive the rebate. Virginians must have had a tax liability last year if they wanted to qualify for the payment. It means if you owed state income taxes in 2021, you may get some of that cash back – with the exemption of credits. Credits include taxes paid to another state, deductions, or subtractions. read more on direct paymentsINCOMING CASH Extra batch of $300 direct payments being sent to thousands todayHUGE HELP Exact date direct payment worth $3,200 will be sent - here's when cash is coming Individuals filing will receive up to $250 while Americans that submit a joint tax will return will pocket up to $500. Rebates are set to be released from September 19 and officials expect to send...
    MILLIONS of Americans are set to receive a direct payment worth $841 in weeks. Supplemental Security Income claimants will get their second benefit of the month on September 30. 1Around eight million Americans claim SSI and beneficiaries will receive a second direct payment this monthCredit: Getty Around eight million Americans receive SSI – a payment designed to support disabled adults, kids, and seniors over the age of 65. Benefits are usually sent out on the 1st of every month but October 1 falls on a Sunday meaning payments are being deposited slightly earlier. The average amount a person gets is $621 and the maximum monthly payment is $841. Meanwhile, couples can get $1,261 a month. Claimants will also receive two payments in December, according to the Social Security Administration. read more social securityEXTRA HELP How much SSI pay will I get in 2022 per month and per year?BENEFIT BOOST The maximum benefits for Social Security, SSI and SSDI benefits explained But, experts have warned that the payments are not enough. Richard Johnson, of the Urban Institute, told CNBC: “SSI just provides bare-bones support...
    THOUSANDS of Pennsylvania residents are in line to get a one-time bonus payment. Older and disabled residents who participated in the Pensvlyannia's Property Tax/Rent Rebate Program started receiving payments last week. 1Eligible residents can get payments of up to $1,657 Governor Tom Wolf announced last week that residents who were approved for an initial rebate on property tax or rent would be receiving what the state is calling one-time bonus rebates. "For older adults in particular – many of whom are on a fixed income – a bonus Property Tax/Rent Rebate Program rebate this year will be a gamechanger," he said in a press release. "These bonus rebates will help older adults and Pennsylvanians with disabilities stay in their homes.” The bonus payments will be 70 percent of the original payment. Read more on direct paymentsFREE MONEY Millions of Americans to receive direct payments worth up to $300 in one week Claimants can expect up to $1,657.50 as $140million in American Rescue Plan money was allocated toward funding bonus rebates. Before the expansion, the maximum rebate amount was $975. The bonus...
    HERE is the exact date that 20 million Americans will receive inflation relief payments of up to $1,050 - will you be eligible? California residents are due for their Middle Class Tax Refund which will be rolling out in October. 1California residents will receive inflation relief payments of up to $1,050Credit: Getty The direct payments will range from $200 to $1,050, depending on how big your income is and the number of dependents you have. One of the big perks of this direct payment is that Californians don't have to do anything to receive the relief if they qualify. The payment will be calculated and issued to residents automatically based on the information on their 2020 tax returns. This money will either be directly deposited into residents' bank accounts or be put on debit cards. Read more on relief paymentsCHECK PLEASE Direct payments of $1,000 could be sent to thousands of AmericansMORE MONEY Direct payments worth up to $1,700 going out soon - how to secure yours Most Californians who filed their taxes electronically will probably get a direct deposit....
    MILLIONS of Americans are set to receive cheques of up to $1,500 as the country continues to battle inflation costs. The direct payments were approved for New Mexico taxpayers following an announcement by state Governor Michelle Lujan Grisham. 1New Mexico residents are set to receive the payments by the end of the weekCredit: Getty The checks started going out in mid-July, and the state expects to finish sending out the payments by July 31. According to the government website, 1.1 million Americans are set to be benefit from the rebates scheme. Residents who have or will file their 2021 income taxes by May 31, 2023, are eligible. Married couples filing joint returns, heads of household, and surviving spouses with incomes under $150,000 can receive a rebate of $500. Single filers and married individuals filing separately with income under $75,000 are eligible for $250. The rebates will be sent automatically to qualifying taxpayers who have filed a 2021 Personal Income Tax (PIT) return. Meanwhile, around 33,000 New Mexico residents who do not file state are also eligible for relief funds. The check is believed...
    HUNDREDS of thousands of Americans in New Mexico are set to receive a payment worth up to $500 within days. Governor Michelle Lujan Grisham revealed the state is providing aid to residents amid rising gas and grocery prices. 1Hundreds of thousands of New Mexico are set to receive payments worth up to $500Credit: Getty Single filers that earn less than $75,000 and have submitted their 2021 New Mexico Personal Income Tax return are set to receive a $250 payment. Married couples that file joint tax returns and have an income under $150,000 will get a refundable income tax rebate of $500. The status of rebates can be checked on the state's web portal. The payments are part of a summer relief package for taxpayers that lawmakers approved earlier this year. read more money storiesDIRECT DEPOSIT Millions to get direct payments of up to $1,050 to help fight inflationCASH OUT Deadline to claim $750 direct payment in hours - are you one of millions eligible? Grisham said: “This summer we’ll be returning hundreds of millions of dollars in relief to families...
    COLORADO taxpayers have just two weeks left to receive up to $1,000 stimulus checks. Colorado Governor Jared Polis reminded residents earlier this week to file their state taxes by June 30, in order to receive the refunds on time. 1Colorado residents who file before June 30th will get over $500 or $1000Credit: Getty The payments come in the form of tax rebates as a way to help neutralize the impact of inflation.   “I urge all Coloradans to complete their state tax filing right away so you can get the Colorado Cashback Rebate on time this summer," said Mr Polis. "If you wait past June 30th or until the final extension deadline of mid-October, then you probably won’t get your refund until next January,” he added. The deadline to claim was originally May 31 but was extended by the state legislator. How to claim The Colorado Cashback will provide single filers with $500 checks and joint filers can get up to $1,000. To receive the refund in August, full-year residents must either file a Colorado individual income tax return for the 2021 tax year....
    (CNN)States are expected to receive a total of more than $100 billion in extra federal Medicaid funds to help them get through the Covid-19 pandemic, according to a Kaiser Family Foundation analysis released Tuesday. That's more than double what they are projected to spend on the growth in Medicaid enrollees. The expanded funding stems from a coronavirus relief measure Congress approved in March 2020. It provides states with a 6.2 percentage point increase in their federal match rate for most enrollees. In return, states have not been allowed to drop residents involuntarily from Medicaid coverage during the public health emergency, which is currently set to expire in mid-July. That protection has led enrollment to balloon -- with Kaiser projecting that it will hit 110.3 million by the end of fiscal year 2022 on September 30, an increase of 25% from fiscal year 2019, before the pandemic began.States are expected to spend a total of $47.2 billion from fiscal year 2020 through fiscal year 2022 to cover the additional people enrolled in Medicaid because of the continuous coverage requirement, according to...
    MORE than one million Americans in Michigan that receive food stamps will get an automatic $95 cash boost this month. Officials started allocating the additional support, worth at least $95, on recipients Bridge Cards from February 19 and benefits will continue to be allocated until February 28. 1More than a million Americans in Michigan that receive food stamps will receive extra financial supportCredit: Getty Around 1.3million people in 700,000 households are set to receive the extra benefits in total, according to a statement from the Governor's Office. Governor Gretchen Whitmer said: “While case numbers and hospitalizations are headed in the right direction, Michigan families still need extra assistance to put food on the table as we face rising costs. “We will continue to put Michiganders first and stay focused on growing our economy, putting more money in people’s pockets, and lowering costs for families.” Eligible families are not required to apply for the extra assistance and they will be loaded onto cards as a separate payment. Some residents in Michigan started receiving additional support from April 2020 – just a...
    SENIORS should be aware of the different types of social security benefits that they could be eligible for. It comes as millions of retirees are set to pocket checks today worth around $1,657 on average. 1Seniors should be aware of the different types of social security benefits that they could be eligible forCredit: Getty There are several different types of social security benefits that Americans could get. Retirement benefits are intended for Americans that are at least 62 and have worked and paid into the system for at least 10 years, GoBankingRate reveals. Benefits are based on workers' contributions and their pre-retirement salary. But, retirement income isn’t supposed to be the main source of income for seniors. Americans may be eligible for more retirement benefits when they turn 65 or 67. Retirees are encouraged to use the Social Security Administration’s calculator to check the amount they are likely to receive. Most read in MoneyMEAL DEAL Apply for automatic benefits of $95 as bonus pandemic EBT cards of $1,504 arriveCASHING IN SSI boost of $821 to be sent after new ‘$1,657...
    MORE than a million Americans in Michigan who receive food assistance benefits will see a surprise boost of at least $95 this month. Around 700,000 households are expected to benefit from the measure, which was announced by the state's Department of Health and Human Services on Monday. 1Around 1.2million people in Michigan are set to benefit from a $95 food stamp boostCredit: Getty Governor Gretchen Whitmer pledged to continue delivering support for residents as the state continues to grapple with the Covid pandemic and the Omicron variant, the Detroit Free Press reports. She said: “My administration will keep working with our federal partners to do whatever we can to make sure Michigan families can put food on the table.” Food stamps or Supplemental Nutrition Assistance Program (SNAP) benefits will be added to Bridge Cards between January 15 and 24 and will show up separately on accounts. Michiganders do not need to reapply for the benefits. Recipients in the state can check their balance at Michigan.gov/MIBridges or call 888-674-8914. Most read in MoneyHOPE ON THE HORIZON Double ‘$3,600 stimulus’ payments may...
    (CNN)The battle over raising the debt ceiling may seem like political gamesmanship on Capitol Hill, but it has real-life implications for tens of millions of Americans.Social Security payments could be delayed. The next monthly child tax credit installment might not be sent on time. Food stamp recipients could be left waiting for funds.That's because unless Congress suspends or raises the debt limit in coming weeks, the federal government will no longer be able to borrow to pay for its operations, forcing it to limit its spending. "In a matter of days, millions of Americans could be strapped for cash," Treasury Secretary Janet Yellen wrote in a Wall Street Journal op-ed. "We could see indefinite delays in critical payments. Nearly 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays."Though officials have warned for months about the need to address the debt ceiling, Congress has been at an impasse. The House has passed legislation along party lines to suspend the nation's...
    OVER 2.2 million Americans will be receiving the third round of $1,400 stimulus checks this week after the latest IRS disbursement leads to over 170 million Americans who have received the check. The latest round of the IRS disbursement of the $1,400 stimulus checks - due to a number of backlogs within the tax agency - means some 171 million Americans have received the stimulus check. 2Another 2.2 million stimulus checks were sent out this week The majority of the 2.2 million checks were paid to eligible individuals. who didn't file information with the IRS for an Economic Impact Payment but have filed a tax return. According to the IRS news release on Wednesday, the third round of stimulus checks is so far worth over $4 billion. When Congress passed Joe Biden's American Rescue Plan in March, a majority of Americans had received their $1,400 checks in the mail or by direct deposit that month. However, due to backlogs and other issues, some are still waiting on their checks. Those who received the stimulus payment in March due to their...
    NEW $3,600 stimulus payments will start being sent out to Americans next month - check if you're set to get the next chunk of cash. The IRS, Treasury Department, and Bureau of the Fiscal Service are still issuing relief payments to Americans following the signing of the $1.9 trillion American Rescue Plan in March. 2The American Rescue Plan has increased the maximum Child Tax CreditCredit: Getty The Covid relief package has increased the maximum Child Tax Credit to $3,600 for children under the age of 6 and to $3,000 per child for children aged between age 6 and 17.  The first round of checks will be sent out by the IRS on July 15 - but it's not the only date people will receive money. This new payment is recurring - households who qualify for the money will get a check every month until the end of the year. Americans will receive up to $3,600 in the next round of payments. Parents with children under 6 will receive payments of $300 per month for each child, while families with children aged...
    A SEVENTH batch of $1,400 stimulus checks have been sent to Americans as IRS processes tax returns. About two million payments were issued in the latest round, bringing the total to date to about 163 million. 2A seventh batch of $1,400 stimulus checks were today sent to AmericansCredit: Getty It means the payments sent out over the last six weeks are worth roughly $384 billion. The latest batch includes approximately 1.1 million direct deposits and 850,000 paper checks. These went to Americans who had recently filed a 2020 tax return and meet certain income criteria. Many were people the government did not have on record, as well as people due supplemental "plus-up" payments. More than 1.2 million payments totalling over $3 billion were given to Americans not previously on file, while 730,000 "plus-up" payments worth $1.3 billion were issued. This could increase once the IRS has processed new returns and established whether previous stimulus checks were too small, for example if their income has dropped. 2The latest round brings the total paid out to $384 billionCredit:...
    WASHINGTON (AP) — The Treasury Department said Wednesday it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan, including 25 million payments that were primarily to Social Security beneficiaries who hadn’t filed 2019 or 2020 tax returns. The direct payments of as much as $1,400 per person were the cornerstone promise of Biden’s $1.9 trillion package to contain the pandemic and revive the U.S. economy. Roughly $372 billion has been paid out since March 12, a sum that likely boosted hiring last month as Americans had more money to spend. White House officials had previously estimated that 158.5 million households would receive the payments. Wednesday’s batch of payments showed how the administration is going beyond IRS filings to get out the money. It included 19 million payments to Social Security recipients who had not submitted tax returns for the past two years and didn’t use a tool last year for non-filers to receive the two previous rounds of direct payments. The payments are filtering through the U.S. economy in a variety of ways,...
    AMERICANS have a year to cash in their stimulus checks before the relief cash payment expires. Many people received a direct deposit into their bank accounts after President Joe Biden signed the Covid-19 relief bill into law on March 11. 4Make sure you cash in your check before it expires However, if the Internal Revenue Service (IRS) doesn't have your banking information, you could receive the money as a check. Like all US Treasury checks, you will have exactly one year to cash in the payment. Thankfully, if you somehow miss this deadline, it's possible to get a replacement for a check that has expired. You can ask for a payment trace if you think your stimulus check was destroyed, lost, or stolen. Alternatively, people can request a replacement for a lost EIP card. The IRS has delivered more than 130 million payments which amounts to around $335 billion. People who are getting federal benefits are next in line to get their payments. 4Overall, the latest batch of payments will include four million payments with...
    This sum was decided following an agreement between the family of George Floyd and the city of Minneapolis. The biggest deal in US history The criminal trial of one of the officers involved in the death of George floyd during his arrest in Minneapolis, in June 2020 opened on Tuesday. The African-American’s family filed a civil complaint in June 2020 against the municipality and the four police officers involved in the case. According to the family’s lawyers on Friday March 12, she will receive $ 27 million or 22.5 million euros in damages. “This out-of-court settlement is the largest in US history in a fundamental rights case brought for a death attributable to misconduct.”, they said in a statement relayed by Le Figaro. A necessary step for the mourning of the family The death of George floyd was at the origin of a movement of anger unprecedented since the 1960s in the United States against racism and police violence. The mobilizations spread around the world with demonstrations shouting “Black Lives Matter” (black lives matter). George Floyd’s...
    On the 50th day of his mandate, he will make his first solemn address in “prime time” at 8:00 p.m. (01:00 GMT Friday), from the prestigious “East Room” of the White House. “I’m going to talk about all the events of the past year, but – and this is the most important – I will also talk about what will come next,” he explained on Wednesday. “There are real reasons to hope, I promise you,” he hammered. “We see the light at the end of the tunnel.” Despite the opposition of the Republicans, who denounce extravagant and poorly targeted spending, the Democrats, a majority in the House of Representatives, on Wednesday adopted a plan of 1.9 trillion dollars, a dizzying amount equivalent to Italy’s GDP. Praising “a historic victory for the Americans”, Joe Biden signed this text Thursday from the Oval Office and planned to increase the number of trips to defend it. He is due to travel to Pennsylvania on Tuesday, then to Atlanta, Georgia on Friday. Nearly 530,000 dead His speech to the Nation comes one year...
    New York : Some 17 million Americans are ineligible for the third $ 1,400 stimulus check. Photo: csamhaber / Pixabay About 17 million fewer Americans will not receive the third stimulus check of $ 1,400 as a result of changes to the law to limit income levels for full payment eligibility. The calculation of Institute on Taxation and Economic Policy estimates that some 280 million Americans would be eligible for the payment. The bill that Democrats in the House of Representatives have set out to pass today will benefit 86% of adults and 85% of minors or dependents, compared to 91% of adults and 90% of minors under the text. that had been previously approved in the lower house. President Joe biden he accepted the conditions of the more moderate Democrats of his Party in the Senate to expedite the approval of the $ 1.9 billion “American Rescue Plan” in that body. As part of the negotiations it was agreed that fewer people would be eligible for payments by lowering the thresholds for eligibility. Scope...
    New York : Latinos and African Americans are roughly three times more likely to be hospitalized with COVID-19 than whites, but still do not receive government support. Photo: csamhaber / Pixabay The new relief package was approved by the Senate over the weekend and will be voted on by the House of Representatives this week, where it will almost certainly pass. And while this means that many U.S. citizens will receive a third round of stimulus checks, once again undocumented immigrant workers will not be eligible for financial support, since the same happened with the first two stimulus checks. Those who will receive payments of $ 1,400 are people who have earned less than $ 75,000 a year (or less than $ 150,000 for couples), plus they will also receive the same amount of money for each child. However, in the case of non-resident aliens, or undocumented immigrants, they are not eligible to receive checks. “Congress continues to unscrupulously exclude 9.3 million immigrant workers and taxpayers from being eligible for stimulus checks“Said Marielena Hincapié, executive...
    New Jersey Governor Missed Early Chances to Slow Covid’s Spread, Doctor Says Ex-Dallas cop facing capital murder charges was kept on the job to not arouse suspicion of investigation After hearing that Senate Democrats may limit who can receive the $1,400 stimulus payment included in the American Rescue Plan, Marissa Ortega's heart dropped. © Provided by CNBC US President Joe Biden has reportedly agreed to lower the income level caps for the third round of stimulus payments. The 25-year-old Washington D.C. resident had planned to use the money to rebuild her savings account after supporting her mother, grandmother and aunt over the past year. Ortega makes good money as a software engineer and hasn't lost work during the pandemic. But she has had to send thousands of dollars to her family members — the three women, who raised Ortega, live in the same house in Texas — to help them with their own Covid-related financial issues. Load Error She is one of many Americans frustrated that the Senate may change the income limits for the $1,400 stimulus payment....
    More than one million Americans have received a vaccine for the Chinese coronavirus, according to the Centers for Disease Control and Prevention (CDC). Of the 9.4 million-plus vaccines distributed, roughly one million have been administered, the CDC reported on Wednesday, CDC Director Robert Redfield noting that “supply will increase in the weeks and months to come.” According to the agency, the tally includes both the Pfizer and Moderna vaccines, which high profile figures — including Vice President Mike Pence, Dr. Anthony Fauci, House Speaker Nancy Pelosi (D-CA), and Senate Majority Leader Mitch McConnell (R-KY) — began to receive this week. However, there has been significant disagreement among younger members of Congress, some of whom do not believe it is appropriate to receive the vaccine before the more vulnerable members of the population. “It would makes [sic] sense if it was age, but unfortunately it’s of importance and its shameful. We are not more important then [sic] frontline workers, teachers etc. who are making sacrifices everyday [sic]. Which is why I won’t take it. People who need it most, should get...
    The first doses of Pfizer’s COVID-19 vaccine became available Monday to select Americans, kickstarting what will be a months-long process to vaccinate enough people to achieve herd immunity.  Distribution of the vaccine began after Pfizer received emergency FDA approval Dec. 11. The medicine will be rolled out to hundreds of sites over the course of the week as authorities carry out the final stages of Operation Warp Speed.  Front line medical workers were among the first Americans to get the shot Monday. The Trump administration expects roughly 20 million Americans to be vaccinated before the end of 2020, and state governments will get the final say on who is first in line, according to New York Magazine.  A CDC advisory panel recommended that the first doses from Pfizer go to medical workers and nursing home residents, according to the Washington Post. These groups reportedly comprise about 24 million Americans. (RELATED: Local And State Public Health Officials Are Leaving The Field In Historic Numbers, Associated Press Investigation Finds) The groups expected to be next in line are essential workers, people with medical...
    The chief of the Trump administration's Operation Warp Speed said the first Americans to get coronavirus vaccines could receive them within 24 hours of emergency approval.   Dr Moncef Slaoui leads the government's plan to fast-track the production of 300 million vaccine doses in the US by 2021. At an event conducted by The Washington Post, he said that healthcare workers and other groups could be vaccinated within a day or two of emergency use authorization (EUA) from the US Food and Drug Administration (FDA).    He added that he hopes 20 million people will have been vaccinated by the end of this year. 'Within 24 hours, maybe at most 36 to 48 hours, from the approval, the vaccine can be in people's arms,' Slaoui, a former GlaxoSmithKline executive, said.  The FDA's Vaccines and Related Biological Products Advisory Committee is meeting on 10 to discuss the vaccine submitted by Pfizer Inc, meaning the first shots could be distributed next week. Dr Moncef Slaoui, the chief of Operation Warp Speed, said the first Americans to receive coronavirus vaccines could get them within...
    Election mail: We sent 193 shipments, and heres what we learned Your family is not immune: Texas family urges everyone to stay safe after their small gathering led to over a dozen members testing positive for the coronavirus Americans will hopefully begin receiving the COVID-19 vaccine as early as December 11, Warp Speed advisor says © Dado Ruvic/Reuters Some Americans could "hopefully" receive the vaccine for COVID-19 as soon as December 11 or 12, Moncef Slaoui said Dado Ruvic/Reuters Moncef Slaoui, the head of the White House "Operation Warp Speed" said on Sunday that some Americans will begin receiving the vaccine for COVID-19 as soon as December 11.  A panel of outside experts that advises the FDA is expected to meet on December 10 to discuss Pfizer's application for an emergency use authorization, but it's not clear how quickly FDA would act on the panel's recommendation. Slaoui also predicted that life for Americans could return to normal by May due to the rollout of the vaccine, but he said the public perception of the vaccine needed to become more...
    President Donald Trump talks to reporters before leaving the White House October 15, 2018 in Washington, DC. Getty Images President Donald Trump paid no federal income tax in 10 of the past 15 years due to massive business losses, and just $750 in federal taxes in 2016 and 2017, the New York Times reported on Sunday. The paper said it had acquired more than two decades’ worth of tax-return data from Trump and his business organization, though it does not include his personal tax returns for 2018 and 2019. The paper said more findings from his taxes will be published in the coming weeks. It added that Ivanka Trump reported receiving payments from a consulting company she co-owned, totaling $747,622, that exactly matched consulting fees claimed as tax deductions by the Trump Organization for hotel projects in Vancouver and Hawaii.” Even while declaring losses, Trump reportedly took tax deductions on what most tax payers would regard as personal expenses, “including residences, aircraft and $70,000 in hairstyling for television,” the Times reported. On Sunday, Trump tweeted TWTR, +1.62% :...
    Nearly 9 million Americans are at risk of missing out on a stimulus check for as much as $1,200 due to incomplete IRS and Treasury Department records, Fox Business Network reports. As many as 8.7 million could lose out on the checks, which were meant to help alleviate the economic effects of the coronavirus pandemic, the Government Accountability Office reported this week, in its third report on the CARES Act passed by Congress and President Donald Trump earlier this year. The report found that although Treasury and the IRS have made attempts to fix the issues with distributing the checks, the organizations continue to "lack updated information on how many eligible recipients have yet to receive these funds," and "the lack of such information could hinder outreach efforts and place potentially millions of individuals at risk of missing their payment." Most Americans who wont receive a check are those who did not file a tax return, and thus do not receive federal benefits, and therefore didnt have information on file with the IRS about their annual income, which was used...
    MILLIONS of Americans might miss out on their $1,200 stimulus checks due to incomplete government records. The Government Accountability Office (GAO), Congress' auditing arm, says at least 8.7 million Americans who are eligible for stimulus payments have not yet received them thanks to inadequate IRS and Treasury Department records. 2Close to 9 million Americans have yet to receive their stimulus checksCredit: Getty Images - Getty The watchdog group also called on the Centers for Disease Control to offer more guidance to local districts on how to safely reopen schools in their report published Monday. GAO said the IRS did implement several recommendations the auditing arm put forth in a report in June, but said more work needs to be done as the agency handles the unprecedented $2.6 trillion in aid passed by Congress. GAO also recommended the IRS allow those who may be eligible to file their tax returns through September 30 to receive their $1,200 checks. However, GAO said the Treasury Department and the IRS failed to update information on how many eligible people have yet to receive...
    Tetra Images - Daniel Grill | Brand X Pictures | Getty Images Millions of Americans who were shut out of $1,200 coronavirus stimulus payments this year are about to get one more chance at a check. Later this month, the IRS will begin mailing letters to about 9 million people who normally don't file a federal income tax return but may be eligible for a payment. Individuals who receive the letters must register at IRS.gov by Oct. 15 in order to receive their payment by the end of 2020. More from Personal Finance:          For many, the $1,200 stimulus check never came. Here's whySecond $1,200 stimulus checks could still be on the tableFive key things workers should know about the payroll tax deferral A considerable amount of money is at stake. Individuals are eligible for up to $1,200 in stimulus payments — or $2,400 for a married couple — as well as $500 for each qualifying child under age 17.   The IRS will be sending the letters to people who haven't filed a return for either 2018 or 2019. Nevertheless,...
    Americans who filed their 2019 tax returns on time but still haven't received their refunds will be getting interest payments from the IRS, which attributes delays in payments to complications caused by COVID-19. The deadline to file tax returns on time was July 15, which was postponed by three months from the original deadline on April 15 due to COVID-19. Payments will be $18 on average, according to a press release from the agency.  Taxpayers whose refunds are typically received via direct deposit -- 12 million of the total 13.9 million set to receive payouts -- will also have this payment sent to their bank account directly.  These interest payments will be taxable, and must be reported on tax return forms for 2020. in January 2021, those who receive over $10 in interest payments will fill out Form 1099-INT, which will be sent to their address directly by the service.  The IRS is required by law to pay interest on disaster-related payout delays.  You can check the status of your tax refund here. 
    Getty The Internal Revenue Service. The IRS announced on August 18 that it would be providing interest payments to individuals who filed their 2019 federal income tax returns by July 15, 2020 and are expecting – or have already received – a refund. The IRS has faced many challenges due to old-fashioned documentation methods, lagging technological infrastructure and the challenges of working from home with people’s sensitive information. The interest payments are part of the IRS’ response to coronavirus-related delays. Here is what you need to know:Interest Payments Are Not Expected to Be That Large Due to COVID-19, the tax deadline had a disaster-related postponement. That means #IRS will pay tax refund interest, calculated from 4/15, if an individual filed by the postponed deadline of 7/15. Details: https://t.co/TJCM5OTyYw pic.twitter.com/7l8Wu0KQPc — IRS #COVIDreliefIRS (@IRSnews) August 18, 2020 The average interest payment is expected to be about $18, the IRS said in a memo announcing the interest refund payments. However, that average was based on the average tax refund, which Forbes reported as being roughly $2,741. According to the...
    The IRS will pay interest to about 14 million Americans for the refunds they got after April 15, the agency wrote on its website Tuesday. According to the agency, 13.9 million U.S. taxpayers who filed their 2019 taxes by July 15 will receive interest payments on their refunds. The average interest payout will be about $18, the IRS said. All interest payments higher than $10 will be taxable income for the 2020 filing year. According to the IRS, about 12 million taxpayers will get interest payments via direct deposit into the same bank accounts their 2019 refunds went to. The other taxpayers will receive checks to payout interest refunds. In June, the IRS also said people filing 2019 taxes would receive interest refunds after April 15 to correct for the three-month delay in the annual filing deadline. Treasury Secretary Steven Mnuchin moved Tax Day from April 15 to July 15 due to the coronavirus pandemic. Related Stories: IRS Relents From Collection Action in Coronavirus Pandemic Time May Be Right to Make IRS an Offer in Compromise ...
    Savannah Rychcik July 30, 2020 0 Comments Retired Chicago Bulls superstar Michael Jordan and the Jordan Brand have committed to donating $2.5 million to organizations with the sole focus of combating suppression of Black voters. According to a statement released on Wednesday, the NAACP Legal Defense and Educational Fund, Inc. (LDF) and the Formerly Incarcerated and Convicted People and Families Movement (FICPFM) will each receive $1 million and Black Voters Matter will receive $500,000. “I’m all in with Jordan Brand, the Jordan family and our partners, who share a commitment to address the historical inequality that continues to plague Black communities in the U.S.,” Jordan said. He added, “There is a long history of oppression against Black Americans that holds us back from full participation in American society. We understand that one of the main ways we can change systemic racism is at the polls. We know it will take time for us to create the change we want to see, but we are working quickly to take action for the Black community’s voice to be heard.” Commitment to...
    AN ESTIMATED 26million more Americans may qualified for stimulus relief as apart of the next coronavirus relief package. The Health, Economic Assistance, Liability Protections and Schools Act (HEALS) was rolled out on Monday by Senate Majority Leader Mitch McConnell. 3An estimated 26million more Americans may qualified for stimulus reliefCredit: Getty Images - Getty 3The HEALS Act was rolled out on Monday by Senate Majority Leader Mitch McConnellCredit: Alamy Live News The Republican's coronavirus relief plan is largely similar to the original CARES Act, with key changes lowering bonus unemployment benefits while expanding the eligibility for stimulus checks, Fox News reported. Under the new proposal, Americans with dependents over the age of 17 will be eligible to receive the extra $500 that was limited to dependents under 17 years old in the CARES Act. It is still unclear if there will be a limit on the number of dependent payments a household can receive under the HEALS Act. According to the Tax Foundation, an estimated 96 million dependents would be eligible for the payments - 26million...
    Millions of Americans are yet to receive their refunds from the IRS due to 'extreme delays' in processing federal income tax returns, according to the National Taxpayer Advocate service. A new report released to Congress this week revealed the IRS had a backlog of 4.7 million paper tax returns as of May 16, after suspending core operations due to the COVID-19 pandemic. The health crisis forced the agency to push back the April 15 filing deadline by three months, however, millions of taxpayers who filed before then are still waiting for their returns to be processed.  A new report released to Congress this week revealed the IRS had a backlog of 4.7 million paper tax returns as of May 16  'While the overwhelming majority of taxpayers file electronically, taxpayers who file paper returns are experiencing extreme delays in processing their returns,' the report, first reported on by CBS News, states.  'Many taxpayers are facing financial hardship associated with the COVID-19 crisis and need the IRS to process their paper-filed returns as soon as possible and release their refunds.'  Advocate...
    Two-thirds of Americans are receiving more money from unemployment benefits than they did from their jobs, largely because of a supplemental $600 weekly benefit that’s part of the $2.2 trillion CARES Act. But decreasing those benefits could cost the country even more jobs on top of the historic 20 million jobs that have already been wiped away by the coronavirus pandemic, Heidi Shierholz, an economist at the Economic Policy Institute, a left-leaning think-tank based in Washington, D.C., said. “ If the extra $600 unemployment benefit expires, millions of Americans will have less money to spend in stores, and that could ultimately lead to more unemployment. ” — Heidi Shierholz, an economist at the Economic Policy Institute The weekly supplemental $600 benefit is set to expire at the end of July if the U.S. Senate and President Donald Trump don’t pass the $3 trillion HEROES Act stimulus package, which would extend the $600 weekly add-on unemployment benefit into January 2021. Don’t miss: The extra $600 Americans get in weekly unemployment benefits ends next month — here’s what...
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