Money Today That Matters Tomorrow
There has been a lot of debate over the last few months on if another stimulus check payment will be made in 2022 or even in 2023 as the economy worsens and inflation takes a heavy toll on household budgets. You can see past updates below on the various stimulus …
See latest updates on retroactive payments in the latest Biden ARP stimulus plan extensions to September 6th 2021. With the passage of the new COVID relief stimulus bill many people are asking if the additional funding of enhanced unemployment benefits will mean retroactive or back payment of UI benefits to …
With the expiration of enhanced unemployment benefit programs, many claimants who are struggling to find a job due to local market conditions or for COVID related reasons have been asking if state unemployment agencies will use already allocated stimulus funds to make extra unemployment stimulus payments. However at this stage, …
The IRS has now resolved glitches on the non-filer portal for those who did not file a tax return in 2018 or 2019, which was used as the initial basis for determining eligibility for the $500 Dependent Economic Impact Payment (a.k.a. stimulus check) approved under the CARES act. Non-filers were …
This article provides updates, income qualification thresholds and FAQs on previously approved and proposed stimulus checks, also known as Economic Impact payments. While multiple rounds of payments have been made over the last few years, including those claimed via tax returns, many are asking if the government will make another …
[October Pre Election Update] Millions of Americans are desperately asking, “when will the next stimulus check payment arrive?” However due to the ongoing Congressional stalemate around compromising on a comprehensive stimulus package, the payment of another stimulus check in 2020 continues to be delayed. There have however been some promising …
House democrats, led by Speaker Nancy Pelosi, have passed (208 to 199 on May 15) another stimulus bill in Congress, called the HEROES act, which includes a new round of stimulus check (economic impact) payments of $1,200 per individual and $2,400 for couples. This is the same as the current …
[Update] – All past stimulus (economic impact) payments need to now be claimed via filing a tax return for the applicable tax year the stimulus check was paid. 2020-2021 Stimulus Check Payments More than 120 million stimulus payments have been made by the IRS and associated Economic Impact Payment (EIP) …
The IRS has published the latest figures on how stimulus check payments have been made by state. Roughly three-quarters of people who are eligible for a $1,200 stimulus payment from the federal government have received it, according to the Treasury Department. Payouts have gone to over 135 million individuals worth …
[April 22nd update] The Republican controlled Senate has now passed a $484 billion coronavirus bill for small business and Coronavirus related hospitalization and testing. This is in line with the earlier update below, with the following changes; $310 billion to the Paycheck Protection Program (PPP) for small businesses. $120 billion …
[Third Stimulus Payment Update] The IRS has started paying the recently approved third stimulus check (economic impact payment) for adults and their child dependents. As expected there are many who are seeing issues, especially non-filers. Their main IRS status tool – Get My Payment – is now up and running but several are …
Under the now approved $1.9 Trillion Biden Stimulus Package, or American Rescue Plan (ARP), there are provisions included for another round of stimulus checks. The amount being paid for this third round of stimulus “checks” is $1400 for each adult and qualifying dependent, Non-filers, or those who have not filed a recent tax …
This article provides updates, income qualification thresholds and FAQs on current and past child tax credit (CTC) and dependent stimulus (economic impact) payments. Each one has slightly different rules (and payment constraints) so please ensure you review each one separately and the associated FAQs/videos. Click the links below to jump …
This article and sections below provide information on ongoing IRS refund processing, payments for past stimulus checks/tax credits and other tax related information. The 2024 tax season is now underway (see key dates) with the IRS expected to start processing 2023 returns from January 29th. With the increased investment (via …