STIMULUS CHECK MAY BE FIRST OF MANY
Stimulus check may be first of many. As the Biden administration looks to quickly pass the economic stimulus bill, many in Congress are calling for ongoing stimulus checks to be handed out monthly during the pandemic. That may be difficult, unless tailored to those in need, as those without the need simply put the money […]
CARES ACT EXTENSIONS AND PROVISIONS
Cares act extensions and provisions. Educator expenses for protective equipment. The bill requires the Treasury to issue regulations or other guidance providing that the cost of personal protective equipment and other supplies used for the prevention of the spread of COVID-19 is treated as an eligible expense for purposes of Sec. 62(a)(2)(D)(2). Money purchase pension […]
FRENZY OF TAX FILING FOR TAX REFUNDS
Frenzy of tax filing for tax refunds. People are filing their taxes at a blistering pace so far this year, underscoring how serious Americans are about getting any tax refund due or any stimulus check money they missed last year. The IRS began accepting and processing 2020 tax returns slightly later than usual because its […]
STIMULUS PAYMENTS TO GO OUT IN DAYS
Stimulus payments to go out in days. With plenty of practice sending relief payments to Americans, the federal government should be able to launch the delivery of $1400 checks almost immediately once Congress finalizes the new aid bill and President Joe Biden signs it, tax experts say. Some Americans might see relief as soon as […]
NEW DETAILS ABOUT STIMULUS AMOUNT FORMULA
New details about stimulus amount formula. The amount of money you and your household receive with a third stimulus check—for example $1400, $2800, or $10–hinges on an important formula the IRS will eventually use to calculate your share set aside in the upcoming stimulus bill. The latest proposal would provide both adults up to $1400 […]
