Chances are, you’re about to come into some money soon, whether it’s your tax refund or the 2021 stimulus check. But what do you do with it now that you have it? For many people, a lump sum is new, and they don’t want to blow the opportunity. That’s where this sound advice comes in…
Have questions about the second round of stimulus checks? Here’s what to know about eligibility, payment amounts, timing, dependents, taxes, and more.
The IRS Get My Payment tool is open for taxpayers to check the status of their first and second stimulus payments. Here’s how it works and what to expect.
I’ve been asked a lot recently about Section 230, a phrase that’s been tossed around a lot with respect to stimulus checks. Section 230 isn’t a tax provision (in fact, there isn’t even a section 230 in the Tax Code). It’s actually a telecommunications law. And I’m not a tech or intellectual property lawyer: my…
The Internal Revenue Service (IRS) is emphasizing that no action is required by eligible taxpayers for the second round of Economic Impact Payments (EIPs, or stimulus checks). As noted earlier, initial direct deposit payments began arriving as early as last night for some and will continue into next week. Paper checks will begin to be mailed on…
Congress may still be debating the size of additional checks, but Treasury is already taking action to deliver a second round of Economic Impact Payments (EIPs, or stimulus checks). This second round of checks is part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, passed by Congress last week and signed into…
Earlier this week, the President suggested that he might not sign the stimulus package/spending bill (you can read about what happened – and what it meant – here). However, tonight, the President did sign the bill into law. The bill would do a few things, including: Issue stimulus checks of $600 per person; Extend unemployment…
Congress passed a massive stimulus, spending, and tax extenders bill, but it hasn’t been signed into law. Here’s what’s holding it up and what could happen next.
(Author’s Note: The bill passed in the House and Senate on December 21, 2020, after this piece originally appeared.) Congress has finally agreed on a COVID relief package. It is the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law in March…
So you know how folks throw around adjectives and superlatives all of the time? And sometimes you just don’t believe them? If you hear anyone describing the latest stimulus bill from Congress as “huge” or “giant” or even “ginormous,” believe them. It’s so large that aides had trouble printing it: And again, while trying to…