Did you get the wrong amount in your stimulus check? Help may be available sooner than you think. Initially, the Internal Revenue Service (IRS) advised that individuals who received the wrong payment amount in their Economic Impact Payment (EIP, or stimulus check) had to wait until 2021 for a fix. And for most taxpayers, that’s still…
In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled and the CARES Act became law. In May of 2020, the House introduced and passed a new COVID-19 economic relief…
Earlier today, the Senate passed S. 3841 by unanimous consent. The bill, which was first introduced by Senators Chuck Grassley (R-IA), Sherrod Brown (D-OH), Ron Wyden (D-OR) and Tim Scott (R-SC) in May, is titled “A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes.” According to Sen. Grassley, the…
Taxpayer asks: I heard that people that has never been employed or work could still get the stimulus check is that true? Taxgirl says: Yes. There is no requirement that you currently be employed or earning money to qualify for a stimulus check. Some non-filers might have overlooked registration because of confusion related to an…
In May, the Internal Revenue Service (IRS) issued guidance about how to return an Economic Impact Payment (EIP) or stimulus check. They were targeting, among others, decedents and incarcerated persons, even though there is no clawback provision in the CARES Act. Initially, IRS spokesman Eric Smith told the Washington Post in April that “the payments may not have to be returned depending on…
The Internal Revenue Service (IRS) has announced that it will begin opening its Taxpayer Assistance Centers (TACs) to the public in phases beginning today, Monday, June 29, 2020. Those taxpayers seeking in-person assistance at a TAC will need to make an appointment. To do so, you. must call 1.844.545.5640. Appointments will be available if people…
Taxpayer asks: My stimulus check is wrong. How can I fix it? I tried calling the IRS but couldn’t get anyone on the phone. Taxgirl says: The short answer is that you can’t immediately fix it. Even if you could get someone on the phone, the advice will be the same: you’ll have to wait….
The Internal Revenue Service (IRS) has now processed 159 million Economic Impact Payments (EIPs, sometimes called stimulus checks), totaling almost $267 billion. That includes 120 million direct deposits, 35 million paper checks, and 4 million pre-paid debit cards. But the IRS isn’t done yet. Millions of low-income people and others who aren’t required to file a tax return…
Lost your stimulus card? Tossed it in the trash? I reported earlier that some taxpayers were mistaking their Economic Impact Payments, sometimes called stimulus checks, for trash – tossing cards and checks away. Last week, the Internal Revenue Service (IRS) issued a reminder to taxpayers that some Economic Impact Payments, sometimes called stimulus checks, were being sent…
Don’t toss out that mail just yet! The Internal Revenue Service (IRS) is reminding taxpayers that some Economic Impact Payments, sometimes called stimulus checks, are being sent by prepaid debit card. The debit cards arrive in a plain envelope from “Money Network Cardholder Services.” No, that’s not a joke. As I reported earlier, nearly 4 million people…