Economic Impact Payments

American rescue act part one. The House of Representatives passed the American Rescue Plan Act, H.R. 1319 by a vote of 220-211. It was then signed into law by President Biden. Among the Act's many provisions are several tax items. Most of the tax ... Read More

Third stimulus worth alot to families. With the American Rescue Bill now passed into law, it looks like the average family could receive up to $6300 in stimulus money, according to Elaine Maag, research associate at the Urban Brookings Tax Policy ... Read More

IRS delivering third round of stimulus. The Internal Revenue Service stated that the third round of Economic Impact Payments will begin reaching Americans over this next week. Following approval by the American Rescue Plan Act, the first batch of ... Read More

Democrats narrow who gets $1400 stimulus. Senate Democratic leaders and President Biden have agreed to more narrowly target which Americans would be eligible for a $1400 stimulus payment in the latest COVID-19 relief measure. TO ease the bill's wa... Read More

Do americans need recurring stimulus. Some Democrats are urging President Biden to overhaul the nation's approach to handing out stimulus payments, the direct financial relief  deployed by Congress to help millions of Americans affected by the eco... Read More

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... Read More

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... Read More

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 P... Read More

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 as... Read More

Is stimulus based on 2020 or 2019 taxes.  What if you made more money in 2020, but the check is based on your 2019 taxes ? Taxpayers receiving an advance payment that exceeds their maximum eligible credit based on 2021 tax return information will ... Read More