Normally, an IRS letter showing up in your mailbox is the kind of thing that strikes dread in the heart of a taxpayer. However, a new communication is going out right now from the tax agency that not only shouldn’t scare you. For millions of Americans, it’s actually something crucial they’ll need in order to …
California Gov. Gavin Newsom told reporters in recent days that a new round of Golden State Stimulus checks will “likely” be part of a May revision to his state budget proposal. That’s big news because Californians already benefited from one of the largest stimulus check efforts separate from the federal government’s. “We expect in the …
With tax season for this year now in full swing, attention is going to turn once again to stimulus payments — even though no new federal checks have gone out since December. The IRS is alerting people about several important stimulus-related tips and instructions to follow when preparing their federal return this year. One of …
If 2021 was the year of the stimulus check, this year is shaping up to be the period when state and local leaders try and figure out how to make up for it. The political dynamic in Congress makes a new round of direct aid — like a fourth stimulus check, or more of the …
A fourth stimulus check, or a continuation of the monthly child tax credit checks, would certainly be nice to have, the deeper we get into 2022. Alas, President Biden and the Democrats have their hands full at this point with a number of other priorities. And they don’t seem to have the votes in support …
A group of congressmen sent President Biden a letter earlier this week urging him to fast-track a new financial benefit for millions of Americans. One that would far surpass what the government has done so far in the realm of stimulus checks. Their ask: That the federal government immediately cancel up to $50,000 in debt …
In the pre-pandemic days, the idea of the government — whether at the federal, state, or local level — offering someone a basic income guarantee, in the form of checks over an extended period of time, was not a mainstream sort of policy idea. Today, though, state and local governments around the US have undertaken …
The IRS isn’t cutting anyone a new stimulus check anytime soon. The tax agency is, however, preparing to implement a controversial change to its operation as soon as this summer. One that’s been said to essentially herald, as you by now have probably seen people decrying on social media, the arrival of IRS facial recognition. …
Thanks to last spring’s $1.9 trillion so-called “American Rescue Plan” legislation, 2021 was very much the year of the stimulus check. Millions of Americans last year, for example, got more than half a dozen stimulus checks — from the federal government alone, to say nothing of similar payments available from the state level. The former …
This year’s tax season began in the US on Monday, January 24 — the date when the IRS formally began the process of accepting and processing returns for the tax year 2021. Once again, there are a slew of credits and other important facts to be aware of thanks to all the stimulus checks that …
