With just a few weeks left in the year, members of Congress may have to make hard choices about more economic relief legislation, including any changes to stimulus check qualifications that could affect who may or not may get another round. Then there will be… Continue Reading
While negotiations to authorize a second stimulus check of up to $1,200 per eligible adult are still ongoing, you may be unaware that you qualified to get the first stimulus payment but must file a claim to receive it. For… Continue Reading
If you got the first stimulus check, one fact about the direct payments you might not have known is which priority group you fell into, not to mention how quickly you received it compared to other recipients. Negotiations to authorize a second stimulus check continue and… Continue Reading
The IRS may update its Form 1040 to make sure all taxpayers who engage in cryptocurrency transactions report them. A draft of the 2020 tax form includes a question asking taxpayers whether they have sold, received, sent, exchanged or otherwise acquired any financial interest… Continue Reading
A Thursday vote to pass the new Republican-authored “skinny” coronavirus package without a direct payment failed in the Senate, leaving the question of another coronavirus economic relief package or smaller legislation that could give Americans who qualify a second stimulus… Continue Reading
Are you thinking of claiming Social Security? If so, you should be aware that your decision to file at a specific time can affect the amount of your checks for the rest of your life. It can also be very difficult to undo… Continue Reading
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… Continue Reading
July 15 is when you need to file a federal tax return. The traditional April 15 deadline moved after the IRS pushed it back due to the coronavirus Those states with a state income tax followed suit meaning both were due July 15. If you… Continue Reading
You may think of the IRS as merely the agency responsible for sending your coronavirus stimulus check. On the flipside, it also helps you check the status of your payment through a tracking portal designed just for that purpose. Called Get My Payment,… Continue Reading
With Social Security being a major part of many people’s retirement income, paying less in taxes on this valuable benefit is like getting a raise. Put another way; you should be concerned about how much taxes you will owe on… Continue Reading
