Ask the taxgirl: Second Round of Stimulus Checks
Taxpayer asks:
I work for an accounting firm and my boss mentioned she had heard on TV (gotta love the media) that because the first round of stimulus checks didn’t stimulate the economy as they thought ( I loved your - who really did profit from the stimulus checks), that the IRS was considering another round of “rebates”. Have your heard this?
Taxgirl says:
This is a popular question!
Despite the fact that one of my readers wrote in to tell me how very wrong I am on this one, I’m standing by the idea that I don’t think there will be a second round of checks any time soon. It makes a nice argument for the politicians, but I don’t think it’s economically sensible.
I have heard talk of what’s being called a “second economic stimulus package” but it focuses on providing funding for government programs (like state infrastructure) and not individual checks for taxpayers.
Sorry!
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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