(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 or the CARES Act was signed into law in…
Congress is making some progress on a COVID relief package. If it advances, it would be the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was signed into law in March of 2020. A second relief bill was introduced and passed in the House in…
Chances are, you’ve already received your stimulus check this year. But if you haven’t, and you qualify for one, you need to act fast if you want to receive it in 2020: the deadline is 3 p.m. EST this Saturday, November 21, 2020, to register. If you are a non-filer and you have not received…
The Internal Revenue Service (IRS) is reminding qualified college students that it’s not too late to register for a stimulus check. If you are a self-supporting student and don’t need to file a tax return, you have until November 21 to register to get your stimulus check (also called an Economic Impact Payment, or EIP) by…
In May of this year, the Internal Revenue Service (IRS) attempted to retroactively impose rules on stimulus checks being paid out under the CARES Act to incarcerated persons. They did so by posting an FAQ on the IRS website, claiming that, “A Payment made to someone who is incarcerated should be returned to the IRS…
Didn’t get a stimulus check this year? The Internal Revenue Service (IRS) is beginning an outreach program to Americans who typically don’t file federal income tax returns and may be eligible for an Economic Impact Payment (EIP, more commonly known as a stimulus check) but have not yet registered to receive one. As part of…
Wondering where your stimulus check might be? It may soon be on its way to you. The Internal Revenue Service (IRS) has announced that about 50,000 individuals whose respective portions of the Economic Impact Payment (EIP, or stimulus check) were diverted to pay their spouse’s past-due child support will finally be getting their share. These catch-up payments…
The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for the tax year 2020 – the tax return that you’ll file in 2021. And… postcard-sized, it’s not. Let’s dive right in. Virtual currency. At first blush, the top of the return…
Still missing your $500 per child stimulus check? You’re not the only one. In response to complaints that check recipients are still missing out, the Internal Revenue Service (IRS) is reopening the registration period for some folks who didn’t receive those $500 per child payments earlier this year. In March of this year, the CARES Act was signed into…
Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive a check, and how some taxpayers…