What You Need to Know About the Next Round of Stimulus Checks
Have questions about the second round of stimulus checks? Here’s what to know about eligibility, payment amounts, timing, dependents, taxes, and more.
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IRS Answers Some Of Your Stimulus Check Questions
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…
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IRS Reminds Eligible College Students To Register For A Stimulus Check
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…
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Court Orders IRS To Stop Withholding Stimulus Checks
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…
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Here’s What Non-Filers Need To Know About How To Claim A Stimulus Check
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…
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Treasury Warns Taxpayers On Stimulus Check Related Scams
J. Russell George, the Treasury Inspector General for Tax Administration (TIGTA), is urging all taxpayers to stay alert to ensure that they do not lose their Economic Impact Payments (EIPs), also called stimulus checks, to thieves and scammers. TIGTA is responsible for conducting statutory oversight of issues relating to federal tax administration. As such, it regularly…
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If You Receive SSI Or VA Benefits, Act Now To Get Your $500 Dependent Stimulus Check
Folks who receive Supplemental Security Income (SSI) and Veterans Affairs (VA) disability compensation and pension benefits are entitled to a stimulus check. If you receive SSI and VA benefits but do not file a tax return, you can get your $1,200 payment without taking an extra step. If, however, you receive SSI or VA benefits…
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Here’s What’s In The CARES Act
(Note: On March 27, 2020, the House approved this bill.) It’s been a long week on the Hill, but the Senate has finally reached an agreement on a bill intended to provide direct economic relief in response to the COVID-19 pandemic. The measure passed late Wednesday by a vote of 96-0: Senators Romney (R-UT), Thune (R-SD), Paul…
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“Stimulus” Ads On Facebook, Other Sites Do Not Ring True
If it seems too good to be true, it probably is. Keep that adage in mind this tax season. There are a number of scams floating about which purport to get you more cash, faster. You should keep in mind that the government doesn’t use “middle men” to get you a refund faster or to…
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Slight Majority Of Americans Favor Stimulus
As the stimulus plan works its way through the Senate, it appears to be losing popularity among US taxpayers. At the end of 2008, taxpayers were clamoring for a stimulus package, although there was not a lot of agreement as to what should be included. So Congress and President Obama went to work. What has…
