A third stimulus check for $1,400 could be coming soon. Last week, the House of Representatives released details for a $1.9 billion relief package, and in the coming week, it plans to finalize more of the ins and outs to… Continue Reading
There’s always a good reason to file your taxes when the IRS starts processing returns (which is Feb. 12 this year), as opposed to waiting until the April 15 deadline. For example, you’ll get your federal tax refund sooner. However, this year gives you… Continue Reading
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury… Continue Reading
On Monday evening, Congress approved a $900 billion stimulus bill that includes a second stimulus check of up to $600 per adult and child dependent. Now that President Donald Trump has had a chance to take a look, he implied… Continue Reading
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
