stimulus second check update

And Other Stimulus Payment FAQs. Lisa Rowan. Forbes Advisor Staff. Updated: Feb 22, 2021, 12. After months of negotiations, lawmakers finally came to terms on a $900 billion coronavirus relief bill that includes a much-needed direct. Second stimulus check: Millions facing delays for $600 checks able to update bank information for the current round of $600 checks. stimulus second check update

Stimulus second check update -

4th stimulus check update – $1,800 will be sent THIS MONTH after ‘surprise payments of $285 revealed in November

MONEY BAGS

IRS stimulus check tool – how to track down your payment
How many stimulus checks have been issued?

  • 18:01 ET, Nov 29 2021
  • Updated: 18:01 ET, Nov 29 2021

STRUGGLING Americans could receive a $1,800 boost by the end of this year.

It comes as 36 million families received the cash earlier this week as households recover from the economic damage wreaked by the Covid pandemic.

News of the $1,800 'stimulus' comes as some Americans can expect a "surprise" stimulus check of $285 ahead of the holidays.

In Maine, the bonus stimulus money will go out to more than 500,000 residents as a way to thank workers who kept essential businesses open during the early days of the Covid-19 pandemic.

Maine's Department of Administrative and Financial Services began issuing those checks on November 15 and will continue sending them out through the end of the year.

Maine is not the only state that is sending out some extra cash ahead of the holidays this year, with California and Illinois also sending extra cash.

Read our stimulus check live blog for the latest news and updates...

  • Jennifer Korn

    CORRECTIONAL WORKERS IN MISSOURI GET CASH

    Lawmakers in Missouri gave correctional workers an extra $250 in their pay packet while nurses and janitors in Vermont received checks up to $2,000, USA Today reported.

  • Jennifer Korn

    CALIFORNIA ORDERS NEW CAR INSURANCE ‘STIMULUS CHECKS,’ CONTINUED

    “These insurance companies have 30 days to tell us once and for all how they are going to make it right before we take further action,” Lara added.

    The companies warned in the statement were Mercury Insurance Co., Allstate Northbrook Indemnity Co., and CSAA Insurance Exchange.

    Those insurers cover 20 percent of California drivers.

    The Sun contacted Mercury Insurance Co., Allstate Northbrook Indemnity Co., and CSAA Insurance Exchange for comment.

    Mercury in response stated: “We are in receipt of Commissioner Lara’s letter, are currently reviewing the request, and will respond within the time frame requested.”

    It also added that it issued more than $137million in refunds to policyholders.

    According to the statement, Lara’s actions have now resulted in “$2.4 billion in premium relief to drivers.”

  • Jennifer Korn

    CALIFORNIA ORDERS NEW CAR INSURANCE ‘STIMULUS CHECKS’

    California has ordered car insurers to provide larger refunds because they enjoyed increased profits during the coronavirus pandemic.

    Between March to September last year, insurers returned an average of 9 percent of premiums, according to the California Insurance Department.

    Companies should have returned 17 percent, according to the analysis. 

    In fact, insurers have shortchanged policyholders by $125 per car on average, reported Yahoo!, citing advocacy groups.

    The lack of refunds has led to California insurance commissioner Ricardo Lara expressing frustration.

    “On behalf of consumers, I am out of patience,” Lara said in a statement.

  • Jennifer Korn

    ‘MATH ERROR’ NOTICE, CONTINUED

    However, there might be an exception to this, as this process has been a mess. 

    More than 5million taxpayers were sent a math error notice this year without the 60-day language being included.

    As a result, the IRS resending some letters with clear language, and is restating the time you have to respond.

  • Jennifer Korn

    THE IRS SENT ME A ‘MATH ERROR’ NOTICE, WHAT DO I DO?

    The worst thing you can do if you get a letter from the IRS is do nothing if you aren’t sure.

    If you do not respond within 60-days of receiving the notice, the adjustment is final and the IRS can start collections.

    Additionally, you’ll lose the right to file a petition in the U.S. Tax Court.  

  • Jennifer Korn

    MEDICAL DEBT PAYOUT, CONTINUED

    The bulk of the debt will be forgiven in Nebraska and Florida, which amounts to a combined $218million.

    The companies didn’t confirm how much debt each individual will get paid off, but if split evenly, it’d amount to just over $1,278 each.

  • Jennifer Korn

    MEDICAL DEBT PAYOUT

    Nomi Health is collaborating with charity RIP Medical Deb to relieve qualified low-income Americans of medical debt.

    This will impact a total of 176,000 Americans who live in four states including Florida, Nebraska Utah, and Colorado.

    The qualifying Americans include those who earn less than twice the poverty line, or debts that are 5 percent or more of their yearly income.

  • Jennifer Korn

    RUDE CONSUMERS TO BLAME FOR LABOR SHORTAGE, CONTINUED

    Another survey released in August was similar to the last, and more than two thirds of participants cited a key reason for the labor shortage is mistreatment from customers.

    In the early days of the pandemic, frontline essential workers were praised as heroes for risking their lives to help people provide food and other necessities for their families.

    Things have since changed, and many employees are now voicing that they were risking their lives, only to be abused by hostile customers.

    Aggressive confrontations have become more common, and pose a danger to workers.

  • Jennifer Korn

    RUDE CONSUMERS TO BLAME FOR LABOR SHORTAGE

    A recent article by Business Insider reveals that surveys are suggesting that hostile customers have fueled workers to quit their jobs, and abandon the industry all together.

    In a poll from earlier this year, eight in 10 restaurant workers claimed to experience hostility from consumers who did not want to follow Covid-19 protocols.

    Four in 10 said they were considering leaving their jobs because of customer harassment.

  • Jennifer Korn

    UPDATE TO PETITION

    Bonin added a recent update to her petition as it nears 3million signatures.

    “**UPDATE: Our country is still deeply struggling. The recovery hasn’t reached many Americans – the true unemployment rate for low-wage workers is estimated at over 20% and many people face large debts from last year for things like utilities, rent and child care.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY, PART THREE

    “For our team and other Americans who can claim unemployment, even the maximum payments will not be enough for most people to continue paying their bills – and avoid slipping into poverty,” Bonin wrote.

    “The facts are, even successful small businesses can’t go months with their doors closed.”

    “But supplying Americans with monthly support until they can get back on their feet can save our communities from financial ruin.”

    “We need immediate checks and recurring payments so that we can keep our heads above water. Congress needs to make sure that we won’t be left financially ruined for doing our part to keep the country healthy.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY, PART TWO

    “My husband and I own a restaurant in Denver and these past two weeks have been a blur,” Bonin wrote.

    “Our restaurant community is wrestling with seeing everything we all have worked so hard for irrevocably changed.”

    “Our hearts were breaking as we watched our staff divide the ingredients in our kitchen to bring to their homes: a dismal token for employees who worked tirelessly every day.”

    “Our talented and cherished team, some of whom have been with us since we opened our doors 15 years ago, are now without an income,” Bonin noted on the petition she started.

    “Like our team, my family has lost all of the income from our restaurant, and business owners and the self-employed can’t claim unemployment. This is the story of America right now.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY?

    The petition was created by restaraunt owner Stephanie Bonin.

    It reads “My name is Stephanie, and I am one of millions of Americans who fear for my financial future because of this coronavirus crisis.”

    “With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home.”

    “This is catastrophic for working families like mine,” Bonin added.

    “I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.”

    “Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table.”

  • Jennifer Korn

    CHANGE.ORG PETITION

    More than 2.9 million people have signed a Change.org petition that calls on lawmakers to pass legislation for recurring $2,000 monthly payments. 

    Twenty-one Democrat senators have signed a letter to Joe Biden in support of recurring stimulus payments.

    The letter read: “Almost six in 10 people say the $1,400 payments set to be included in the rescue package will last them less than three months.”

  • Jennifer Korn

    BILLIONAIRES MAY HAVE USED TAX LOOPHOLES TO GET STIMULUS CHECKS

    ProPublica also found 270 taxpayers who disclosed $5.7 billion in income collectively and ended up qualifying for stimulus checks.

    The individuals managed to “deploy deductions at such a massive scale that they qualified for stimulus checks,” the outlet noted.

    “The wealthy taxpayers who received the stimulus checks got them because they came in under the government’s income threshold,” ProPublica reported.

    “In fact, they reported way less taxable income than that — even hundreds of millions less — after they used business write-offs to wipe out their gains.”

    The article noted that those examples of wealthy taxpayers listed negative net incomes on their tax returns.

  • Jennifer Korn

    SOME BILLIONAIRES RECEIVED STIMULUS PAYMENTS

    ProPublica discovered that 18 billionaires received stimulus payments in the spring of 2020, citing IRS records.

    For instance, George Soros and his son, Robert, reportedly each received stimulus payments. Soros is worth $8.6 billion.

    Their representatives told the outlet that both men returned the checks.

  • Jennifer Korn

    ANALYSTS SAY STIMULUS CHECKS DIDN’T GO ‘FAR ENOUGH’

    Although three rounds of relief payments have been introduced since the start of the pandemic, analysts at the Capital One Insights Center found the checks didn’t go “far enough.“

    Low-income Americans were more likely to spend their stimulus cash on bills, according to the study.

    And, around a third of Americans reported a loss of income last year.

  • Jennifer Korn

    COLLEGE FEDERAL LOAN PAYMENT FREEZE

    For those who owe loans for college, the government froze all federal loans until January 2022.

    There have been five extensions of the freeze since Covid-19 shut the country down in March 2020.

    The White House said that there will be no more freeze extensions, and borrowers should prepare to resume payments in January.

  • Jennifer Korn

    WHAT IS A STIMULUS CHECK?

    These relief payments are rolled out by the US government to taxpayers in an effort to boost spending and the economy.

    Three have been sent so far since Covid-19 ravaged the US to help hard-hit Americans weather the pandemic onslaught.

  • Jennifer Korn

    NEW YORK CITY $500 VACCINE BENEFIT ENDED

    New York City workers had until October 29 to take advantage of an offer to get $500 for receiving a COVID vaccine.

    “Starting today, City employees will receive an extra $500 in their paycheck for receiving their first shot,” the Office of the Mayor of New York City announced on October 20.

    “This benefit will end at 5pm on Friday, October 29th.”

    Now, all city employees are required to have proof of at least one dose of the COVID-19 vaccine.

  • Jennifer Korn

    SENIORS DEMANDING PAYMENTS, CONTINUED

    But that is causing concern for a number of senior citizens, Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League told CNBC.

    They are worried as a result they could face higher costs in other areas -especially if the income boost pushes them into a higher tax bracket.

    A non-taxable stimulus check would help alleviate those fears, petitioners say.

    Johnson said some of the the group’s members have been forced to eat one meal a day or cut back on their prescription drugs.

  • Jennifer Korn

    HERE’S WHY SENIORS ARE DEMANDING ANOTHER ROUND OF PAYMENTS

    A group of senior citizens have demanded to be sent new $1,400 stimulus checks, citing a rise in their cost-of-living.

    The Senior Citizens League wrote to its supporters detailing their plans for a petition for the extra cash payments for retired Americans.

    That came after estimates predicted a boost of 6.2% to the cost-of-living adjustment (COLA).

    An increase of that size would mark the biggest surge in monthly payouts since 1983.

  • Jennifer Korn

    WHEN IS SOCIAL SECURITY EXPECTED TO RUN OUT?

    In September an annual report by the Treasury Department indicated that the Old-Age and Survivors trust fund is only funded for the next 12 years.

    Because the fund doesn’t collect enough taxes to cover what it pays out to claimants, resources for retirees are growing depleted every year.

    Last year’s report projected the fund would be gone by 2034. The new report confirmed that funds are now only scheduled through 2033.

    To avoid this, Congress would need to take action and address the depleting long-term funds of the program.

    Assuming Congress does nothing, reports in the media suggest that seniors might only get 75% to 78% of their promised Social Security benefits.

  • Jennifer Korn

    HOW MANY STIMULUS CHECKS HAS CONGRESS APPROVED?

    Congress approved three stimulus payments.

    The first $1,200 payment was passed in March 2020 legislation, while the second was $600 and approved in December.

    The third relief payment approved in March 2021 amounted to $,1400.

Topics

Источник: https://www.the-sun.com/money/4167859/4th-stimulus-check-update-surprise-november-december-update/

Missing stimulus money could arrive by Feb. 1 for some taxpayers


Some Jackson Hewitt customers who have yet to receive their second stimulus payments could see that money after all by Feb. 1.

The tax preparation firm confirmed Monday that the Internal Revenue Service will start processing some payments once their systems come back online. 

The Economic Impact Payments in question had been sent by the IRS to closed or incorrect bank accounts during the latest stimulus rollout that began Dec. 30.

The IRS has been under increasing pressure to get more money quickly into the hands of financially vulnerable consumers. 

A bipartisan group in Congress sent a letter Monday to IRS Commissioner Charles P. Rettig to "express concern about the IRS’s decision to require people who have not received their EIP to wait until they file their 2020 taxes." 

Congress members have heard plenty from angry constituents about stimulus delays. 

"At a time when millions of Americans are financially vulnerable and need immediate help due to the economic downturn caused by the coronavirus pandemic, it is vital that the IRS does everything in its power to get these payments out to the people who need them most without delay," according to the letter, which was signed by U.S. Rep. Fred Upton, R-St. Joseph, and others. 

Congress passed the latest COVID-19 relief package on Dec. 21, which included $600 direct payments and more to nearly all Americans based on income limits. 

More money on the way

Customers of a variety of companies, including Jackson Hewitt, H&R Block and TurboTax, had warned about trouble last week.

Many customers had taken out refund advances or agreed to have their tax preparation fees taken out of their tax refunds. The bank accounts were set up by tax preparation firms — and later closed — as part of that process. But their stimulus money wasn't getting to them now. 

"By law, the financial institution must return the payment to the IRS; they cannot hold and issue the payment to an individual when the account is no longer active," the IRS said earlier as news broke about the glitch. 

I reported about this problem early on Jan. 5 as readers complained to me about seeing wrong bank accounts show up when they researched an IRS online tool called "Get My Payment." 

The IRS issued a statement on Jan. 10 that noted that the agency is taking "additional steps to get the second Economic Impact Payments to more eligible taxpayers."

"Following extensive work and discussions with our industry partners," the IRS said, "the IRS will reissue payments for taxpayers who did not receive the second Economic Impact Payment in instances where the bank account identified in our records has been closed."

The IRS continued: "Payments will be issued directly from the government later this month (our industry partners are not in possession of these funds), within weeks of the law being enacted. For people in this group, payments may be issued either as a paper check or as a direct deposit. Taxpayers do not need to take any action or call; this will be done automatically. The IRS regrets the inconvenience caused by this situation."

Watch your mail or bank account 

On Monday, Jackson Hewitt — which has offered tax preparation services inside Walmart stores, among other services — said its customers who saw delays will receive their second round of stimulus payments by Feb. 1 and much earlier than if they had to wait to claim the Recovery Rebate Credit on their 2020 federal income tax returns. 

“Jackson Hewitt always fights for its clients and the situation of millions of taxpayers not having their second stimulus payment due to an IRS error was no exception," according to a company statement.

"We considered this chain of events absolutely unacceptable and worked tirelessly over the past week with the highest levels of the U.S. Treasury Department, the IRS (including the IRS Commissioner), and other parts of the federal government to find a solution that ensured our customers would get what they were owed as quickly as possible."

More: IRS says: Check back later on stimulus payments

More: Taxpayers report IRS stimulus payments being sent to wrong bank accounts

More: What to do if you must file a tax return for missing stimulus check

H&R Block said last week that it would be working to get the second round of stimulus money to customers through direct deposit to their bank accounts or prepaid debit cards.

H&R Block on Monday stated: "H&R Block processed all payments to millions of customers Jan. 4-6 via direct deposit to a bank account, check, or onto our Emerald Prepaid Mastercard. If there are customers who still have not received their stimulus money, we encourage them to contact us at 1-800-472-5625 to discuss their specific situation." 

On Friday, a TurboTax spokesperson indicated that progress was being made and stimulus payments already started hitting bank accounts of millions of its customers affected by the IRS error.

“We have been working tirelessly with the Treasury and IRS to get stimulus payments to our customers.  We know how important these funds are for so many Americans and we regret that an IRS error caused a delay,” the spokesperson said.

The IRS has not commented on what error was made or how the situation could have been addressed earlier. 

Tax filers can go to IRS.gov/eip for information. Or check the status of your payment at IRS.gov/getmypayment.

Wrong number doesn't mean it's fraud

The IRS noted Friday: "The IRS reassures taxpayers who do not recognize the bank account number displayed in the Get My Payment tool that deposits were not made to the wrong account; this is not an indicator of fraud. If you do not recognize the account number, it may be an issue related to how information is displayed in the tool tied to temporary accounts used for refund loans/banking products. The IRS is working to address this. People do not need to complete Form 14039, Identity Theft Affidavit, or contact the IRS." 

Progress on getting out payments now is essential to many financially challenged families. 

Those who find themselves without stimulus cash — from the first or second round — must turn to the Recovery Rebate Credit on Line 30 on the 1040 as their last resort.

Unfortunately, it could mean those who have bills to pay during the pandemic will have to wait until the first week of March or even later to see their stimulus money. 

Taxpayers who claim the Earned Income Tax Credit and the Additional Child Tax Credit face required delays by law even if they file as soon as the tax season starts. 

The IRS noted online that the EITC refund can be expected "as soon as the first week of March if you file your return online, you choose to get your refund by direct deposit and we found no issues with your return." 

Contact Susan Tompor via [email protected] Follow her on Twitter @tompor. To subscribe, please go to freep.com/specialoffer. Read more on business and sign up for our business newsletter.

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Источник: https://www.freep.com/story/money/personal-finance/susan-tompor/2021/01/11/second-stimulus-check-status-update/6626926002/

Third Stimulus Check Update: When Could We Get Another Stimulus Check?

President Biden has other plans, though. He wants to include a third round of stimulus checks in a $1.9 trillion economic relief package that would also provide money for vaccine distribution, opening schools, state and local government, enhanced unemployment benefits, and much more. By combining all these relief measures into a single bill, it will likely take longer to get through Congress – especially since the Democrats majority is the Senate is razor thin (a 50-50 split, with Vice President Kamala Harris holding the tie-breaking vote).

Just one Democratic defector could gum up the works on a comprehensive bill in the new Senate. In fact, Sen. Joe Manchin (D-W.Va.) has already thrown some shade on the idea of more stimulus checks if they're not "targeted" and only sent to people who need them. Other Democratic senators could also have other objections to the contents of a large bill (in many cases, arguing that not enough relief money is being proposed). With so much money involved and so many different programs, it could take weeks of negotiations to get enough senators on board. A few Republican votes could be needed too, which could take some time to arrange. If there's no Republican support, then Biden's plan would probably have to go through the budget reconciliation process to pass in the Senate (this would allow the package to pass with only a majority vote instead of 60 votes). Under this approach, delivery of third-round stimulus checks could easily be delayed until late February or March – or, perhaps, later.

Other Reasons for Delay

Getting the virus under control will be President Biden's number one priority once he's in office. While helping Americans who are hurting financially because of the pandemic is important, there will likely be other COVID-related health measures he'll want to handle first. If that means taking the focus off economic relief – and off stimulus checks in particular – then that could delay third-round payments.

Congress will have a lot on its plate, too. Democrats want bold change quickly on several fronts. But their agenda could be held up by impeachment proceedings against former President Trump in the Senate. Time spent on impeachment means time away from economic relief – and, therefore, away from stimulus checks.

Some Democrats have suggested waiting a few months to send articles of impeachment to the Senate for consideration. That tactic would minimize delay on economic relief and other priorities by allowing the Senate to take care of other business before tackling the thorny issue of impeachment.

And let's not forget that the Senate will also have to confirm Biden's appointees to his cabinet and other political offices. This, too, could take time away from dealing with stimulus checks and other economic matters.

Источник: https://www.kiplinger.com/taxes/602111/third-stimulus-check-update-when-could-we-get-another-stimulus-check

Tensions between Senate Republicans and the White House could force the rollout of a second stimulus check to be a little different than the first round.

According to a report from the Chicago Tribune, the Senate and President Donald Trump are divided as to how to move forward with federal aid bills, with the White House favoring payroll tax cuts, which senators do not agree to. The Senate wishes instead to send out a second round of $1,200 stimulus payments to Americans, an idea that Trump has been in favor of as well.

As a result, the report said that Senate Majority Leader Mitch McConnell, R-Ky., is planning to produce several different aid bills as opposed to just a single one with the report noting that the goal for Republicans is to reveal the bills on Thursday.

The Washington Post reported that new stimulus legislation is “likely to spill into August.”

House Democrats had passed a $3 trillion package back in May, however, it is unlikely based on the reports that a package of that size will be approved by the Trump. McConnell and Treasury Secretary Steve Mnuchin had both previously expressed interest in keeping the next package down to just $1 trillion, though the Post reports that the size of the bill will likely be heading up.

Because of the smaller package, CNBC reported that it would likely take a lower threshold of $40,000 or less to receive the checks.

The Tribune reported that currently it is expected that McConnell will have a plan likely trying to meet both the Senate’s and White House’s desires: having both a $1,200 stimulus check and a payroll tax holiday for workers.

The disagreement between the two sides comes at a time when the country is facing rising numbers of coronavirus cases and as the $600 CARES Act payments are set to end on Friday, cutting off the extra money to those who have filed for unemployment.

Источник: https://www.pennlive.com/coronavirus/2020/07/second-stimulus-check-update-heres-the-latest-on-when-another-payment-could-come-and-what-must-happen-for-it-to-happen.html

Is a second stimulus check coming? Here's what we know

(WXYZ) — Remember talk of a second stimulus check?

The presidential election put negotiations on hold.

But will we get one now?

With the election finally over, Congress now is about to get back to work.

And for many Americans, the first thing they want to know is whether we will now get a second round of stimulus checks.

Where's that next $1,200 check?

Negotiations in Congress stalled as the election approached.

Democrats last pushed a $2.2 trillion package with another round of checks.

The White House offered a $1.9 trillion stimulus, also with checks.

But Senate Republicans offered a $500 billion "skinny bill" that may not include any checks.

But from the doesn’t that stink file, the hundreds of YouTube videos that make it seem another stimulus check is on the way.

Why? Because these videos earn money for the YouTubers who make them.

Here’s a sample of what we’ve seen:

“Will the focus be more on stimulus? All indications are it will!?"

"Welcome back to another stimulus check update, my name is Ron..."

“Hey guys, this is Remy with your second stimulus check update.”

But the king of YouTube stimulus checks videos is a guy known as "It's Jimmy" who posts stimulus videos every few days.

“What’s up guys, this is Jimmy with your second stimulus check update," he says.

This one has 121,000 views. Business Insider says 100,000 views earns a YouTuber about $1,300, about same amount as a stimulus check.

So, we could see a second round of stimulus checks in December.

Or, we could just see a lot more YouTube videos.

As always, don’t waste your money.

Источник: https://www.wxyz.com/money/consumer/dont-waste-your-money/is-a-second-stimulus-check-coming-heres-what-we-know

Stimulus Check Update: Another payment coming in July?

There have been calls for another round of stimulus checks to arrive in the United States, with over 2.5 million people having signed a Change.org petition calling for support of 2,000 dollars for adults and 1,000 dollars for children, yet president Joe Biden's administration have instead pointed to other financial aid that the government are offering.

The Child Tax Credit is expected to be a vital boost for many American families, with the first of six payments set to begin on July 15, while the American Rescue Plan, with the aim of this being to provide an injection into the US' economy.

What the Child Tax Credit will bring is the possibility for families to receive up to 1,800 dollars in cash, as eligible taxpayers will be given up to 300 dollars per month until the end of 2021 for each child aged five and under, or 250 dollars per month for each child aged between six and 17.

Meanwhile, it was the American Rescue Plan that resulted in the initial three rounds of stimulus checks, with the last set being released over three months ago. Roughly 169 million people American citizens have received up to 1,800 dollars each - accounting for most of the 422 billion dollars that they had budgeted for - while before that there had been a 600 dollar stimulus check in January and a 1,200 stimulus check right back by the start of the COVID-19 pandemic.

"Our country is still deeply struggling," the Change.org petition reads. "Moving forward, Congress needs to make recurring checks automatic if certain triggers are met. No more waiting around for our government to send the help we need."

Further assistance on the way

While Biden's administration have not been forthcoming with regard to a fourth stimulus check, there is the American Families Plan which could provide some further assistance, as it would extend the 250 dollar monthly Child Tax Credit through until 2025.


Источник: https://www.marca.com/en/lifestyle/2021/07/09/60e83281268e3e6c098b4586.html

Seal of the U.S. Department of the Treasury, 1789U.S. Department of the Treasury

Economic Impact Payments

The Treasury Department, the Bureau of the Fiscal Service, and the Internal Revenue Service (IRS) rapidly sent out three rounds of direct relief payments during the COVID-19 crisis, and payments from the third round continue to be disbursed to Americans.


Unemployment Compensation

The American Rescue Plan extended employment assistance, starting in March 2021, and waived some federal taxes on unemployment benefits to assist those who lost work due to the COVID-19 crisis.

Child Tax Credit

The American Rescue Plan increased the Child Tax Credit and expanded its coverage to better assist families who care for children.

EMERGENCY RENTAL ASSISTANCE

The Emergency Rental Assistance program makes funding available to government entities to assist households that are unable to pay rent or utilities.

Источник: https://home.treasury.gov/policy-issues/coronavirus/assistance-for-American-families-and-workers

4th stimulus check update – $1,800 will be sent THIS MONTH after ‘surprise payments of $285 revealed in November

MONEY BAGS

IRS stimulus check tool – how to track down your payment
How many stimulus checks have been issued?

  • 18:01 ET, Nov 29 2021
  • Updated: 18:01 ET, Nov 29 2021

STRUGGLING Americans could receive a $1,800 boost by the end of this year.

It comes as 36 million families received the cash earlier this week as households recover from the economic damage wreaked by the Covid pandemic.

News of the $1,800 'stimulus' comes as some Americans can expect a "surprise" stimulus check of $285 ahead of the holidays.

In Maine, the bonus stimulus money will go out to more than 500,000 residents as a way to thank workers who kept essential businesses open during the early days of the Covid-19 pandemic.

Maine's Department of Administrative ally bank credit card application Financial Services began issuing those checks on November 15 and will continue sending them out through the end of the year.

Maine is not the only state that is sending out some extra cash ahead of the holidays this year, with California and Illinois also sending extra cash.

Read our stimulus check live blog for the latest news and updates.

  • Jennifer Korn

    CORRECTIONAL WORKERS IN MISSOURI GET CASH

    Lawmakers in Missouri gave correctional workers an extra $250 in their pay packet while nurses and janitors in Vermont received checks up to $2,000, USA Today reported.

  • Jennifer Korn

    CALIFORNIA ORDERS NEW CAR INSURANCE ‘STIMULUS CHECKS,’ CONTINUED

    “These insurance companies have 30 days to tell us once and for all how they stimulus second check update going to make it right before we take further action,” Lara added.

    The companies warned in the statement were Mercury Insurance Co., Allstate Northbrook Indemnity Co., and CSAA Insurance Exchange.

    Those insurers cover 20 percent of California drivers.

    The Sun contacted Mercury Insurance Co., Allstate Northbrook Indemnity Co., and CSAA Insurance Exchange for comment.

    Mercury in response stated: “We are in receipt of Commissioner Lara’s letter, are currently reviewing the request, and will respond within the time frame requested.”

    It also added that it issued more than $137million in refunds to policyholders.

    According to the statement, Lara’s actions have now resulted in “$2.4 billion in premium relief to drivers.”

  • Jennifer Korn

    CALIFORNIA ORDERS NEW CAR INSURANCE ‘STIMULUS CHECKS’

    California has ordered car insurers to provide larger refunds because they enjoyed increased profits during the coronavirus pandemic.

    Between March to September last year, insurers returned an average of 9 percent of premiums, according to the California Insurance Department.

    Companies should have returned 17 percent, according to the analysis. 

    In fact, insurers have shortchanged policyholders by $125 per car on average, reported Yahoo!, citing advocacy groups.

    The lack of refunds has led to California insurance commissioner Ricardo Lara expressing frustration.

    “On behalf of consumers, I stimulus second check update out of patience,” Lara said in a statement.

  • Jennifer Korn

    ‘MATH ERROR’ NOTICE, CONTINUED

    However, there might be an exception to this, as this process has been a mess. 

    More than 5million taxpayers were sent a math error notice this year without stimulus second check update 60-day language being included.

    As a result, the IRS resending some letters with clear language, and is restating the time you have to respond.

  • Jennifer Korn

    THE IRS SENT ME A ‘MATH ERROR’ NOTICE, WHAT DO I DO?

    The worst thing you can do if you get a letter from the IRS is do nothing if you aren’t sure.

    If you do not respond within 60-days of receiving the notice, the adjustment is final and the IRS can start collections.

    Additionally, you’ll stimulus second check update the right to file a petition in the U.S. Tax Court.  

  • Jennifer Korn

    MEDICAL DEBT PAYOUT, CONTINUED

    The bulk of the debt will be forgiven in Nebraska and Florida, which amounts to a combined $218million.

    The companies didn’t confirm how much debt each individual will get paid off, but if split evenly, it’d amount to just over $1,278 each.

  • Jennifer Korn

    MEDICAL DEBT PAYOUT

    Nomi Health is collaborating with charity RIP Medical Deb to relieve qualified low-income Americans of medical debt.

    This will impact a total of 176,000 Americans who live in four states including Florida, Nebraska Utah, and Colorado.

    The qualifying Americans include those who earn less than twice the poverty line, or debts that are 5 percent or more of their yearly income.

  • Jennifer Korn

    RUDE CONSUMERS TO BLAME FOR LABOR SHORTAGE, CONTINUED

    Another survey released in August was similar to the last, and more than two thirds of participants cited a key reason for the labor shortage is mistreatment from customers.

    In the early days of the pandemic, frontline essential workers were praised as heroes for risking their lives to help people provide food and other necessities for their families.

    Things have since changed, and many employees are now voicing that they were risking their lives, only to be abused by hostile customers.

    Aggressive confrontations have become more common, and pose a danger to workers.

  • Jennifer Korn

    RUDE CONSUMERS TO BLAME FOR LABOR SHORTAGE

    A recent article by Business Insider reveals that surveys are suggesting that hostile customers have fueled workers to quit their jobs, and abandon the industry all together.

    In a poll from earlier this year, eight in 10 restaurant workers claimed to experience hostility from consumers who did not want to follow Covid-19 protocols.

    Four in 10 said they were considering leaving their jobs because of customer harassment.

  • Jennifer Korn

    UPDATE TO PETITION

    Bonin added a recent update to her petition as it nears 3million signatures.

    “**UPDATE: Our country is still deeply struggling. The recovery hasn’t reached many Americans – the true unemployment rate for low-wage workers is estimated at over 20% and many people face large debts from last year for things like utilities, rent and child care.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY, PART THREE

    “For our team and other Americans who can claim unemployment, even the maximum payments will not be enough for most people to continue paying their bills – and avoid slipping into poverty,” Bonin wrote.

    “The facts are, even successful small businesses can’t go months with their doors closed.”

    “But supplying Americans with monthly support until they can get back on their feet can save our communities from financial ruin.”

    “We need immediate checks and recurring payments so that we can keep our heads above water. Congress needs to make sure that we won’t be left financially ruined for doing our part to keep the country healthy.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY, PART TWO

    “My husband and I own a restaurant in Denver and these past two weeks have been a blur,” Bonin wrote.

    “Our restaurant community is wrestling with seeing everything we all have worked so hard for irrevocably changed.”

    “Our hearts were breaking as we watched our staff divide the ingredients in our kitchen to bring to their homes: a dismal token for employees who worked tirelessly every day.”

    “Our talented and cherished team, some of whom have been with us since we opened our doors 15 years ago, are now without an income,” Bonin noted on the petition she started.

    “Like our team, my family has lost all of the income from our restaurant, and business owners and the self-employed can’t claim unemployment. This is the story of America right now.”

  • Jennifer Korn

    WHAT DOES THE CHANGE.ORG PETITION SAY?

    The petition was created by restaraunt owner Stephanie Bonin.

    It reads “My name is Stephanie, and I am one of millions of Americans who fear for my financial future because of this coronavirus crisis.”

    “With businesses and schools closing across the country to control the spread of this virus, many people have already lost their jobs. Others are being forced to stay home.”

    “This is catastrophic for working families like mine,” Bonin added.

    “I’m calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.”

    “Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table.”

  • Jennifer Korn

    CHANGE.ORG PETITION

    More than 2.9 million people have signed a Change.org petition that calls on lawmakers to pass legislation for recurring $2,000 monthly payments. 

    Twenty-one Democrat senators have signed a letter to Joe Biden in support of recurring stimulus payments.

    The letter read: “Almost six in 10 people say the $1,400 payments set to be included in the rescue package will last them less than three months.”

  • Jennifer Korn

    BILLIONAIRES MAY HAVE USED TAX LOOPHOLES TO GET STIMULUS CHECKS

    ProPublica also found 270 taxpayers who disclosed $5.7 billion in income collectively and ended up qualifying for stimulus checks.

    The individuals managed to “deploy deductions at such a massive scale that they qualified for stimulus checks,” the outlet noted.

    “The wealthy taxpayers who received the stimulus checks got them because they came in under the government’s income threshold,” ProPublica reported.

    “In fact, they reported way less taxable income than that — even hundreds of millions less — after they used business write-offs to wipe out their gains.”

    The article noted that those examples of wealthy taxpayers listed negative net incomes on their tax returns.

  • Jennifer Korn

    SOME BILLIONAIRES RECEIVED STIMULUS PAYMENTS

    ProPublica discovered that 18 billionaires received stimulus payments in the spring of 2020, citing IRS records.

    For instance, George Soros and his son, Robert, reportedly each received stimulus payments. Soros is worth $8.6 billion.

    Their representatives told the outlet that both men returned the checks.

  • Jennifer Korn

    ANALYSTS SAY STIMULUS CHECKS DIDN’T GO ‘FAR ENOUGH’

    Although three rounds of relief payments have been introduced since the start of the pandemic, analysts at the Capital One Insights Center found the checks didn’t go “far enough.“

    Low-income Americans were more likely to spend their stimulus cash on bills, according to the study.

    And, around a third of Americans reported a loss of income last year.

  • Jennifer Korn

    COLLEGE FEDERAL LOAN PAYMENT FREEZE

    For those who owe loans for college, the government froze all federal loans until January 2022.

    There have been five extensions of the freeze since Covid-19 shut the country down in March 2020.

    The White House said that there will be no more freeze extensions, and borrowers should prepare to resume payments in January.

  • Jennifer Korn

    WHAT IS A STIMULUS CHECK?

    These relief payments are rolled out by the US government to taxpayers in an effort to boost spending and the economy.

    Three have been sent so far since Covid-19 ravaged the US to help hard-hit Americans weather the pandemic onslaught.

  • Jennifer Korn

    NEW YORK CITY $500 VACCINE BENEFIT ENDED

    New York City workers had until October 29 to take advantage of an offer to get $500 for receiving a COVID vaccine.

    “Starting today, City employees will receive an extra $500 in their paycheck for receiving their first shot,” the Office of the Mayor of New York City announced on October 20.

    “This benefit will end at 5pm on Friday, October 29th.”

    Now, all city employees are required to have proof of at least one dose of the COVID-19 vaccine.

  • Jennifer Korn

    SENIORS DEMANDING PAYMENTS, CONTINUED

    But that is causing concern for a number of senior citizens, Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League told CNBC.

    They are worried as a result they could face higher costs in other areas -especially if the income boost pushes them into a higher tax bracket.

    A non-taxable stimulus check would help alleviate those fears, petitioners say.

    Johnson said some of the the group’s members have been forced to eat one meal a day or cut back on their prescription drugs.

  • Jennifer Korn

    HERE’S WHY SENIORS ARE DEMANDING ANOTHER ROUND OF PAYMENTS

    A group of senior citizens have demanded to be sent new $1,400 stimulus checks, citing a rise in their cost-of-living.

    The Senior Citizens League wrote to its supporters detailing their plans for a petition for the extra cash payments for retired Americans.

    That came after estimates predicted a boost of 6.2% to the cost-of-living adjustment (COLA).

    An increase of that size would mark the biggest surge in monthly payouts since 1983.

  • Jennifer Korn

    WHEN IS SOCIAL SECURITY EXPECTED TO RUN OUT?

    In September an annual report by the Treasury Department indicated that the Old-Age and Survivors trust fund is only funded for the next 12 years.

    Because the fund doesn’t collect enough taxes to cover what it pays out to claimants, resources for retirees are growing depleted every year.

    Last year’s report projected the fund would be gone by 2034. The new report confirmed that funds are now only scheduled through 2033.

    To avoid this, Congress would need to take action and address the depleting long-term funds of the program.

    Assuming Congress does nothing, reports in the media suggest that seniors might only get 75% to 78% of their promised Social Security benefits.

  • Jennifer Korn

    HOW MANY STIMULUS CHECKS HAS CONGRESS APPROVED?

    Congress approved three stimulus payments.

    The first $1,200 payment was passed in March 2020 legislation, while the second was $600 and approved in December.

    The third relief payment approved in March 2021 amounted to $,1400.

Topics

Источник: https://www.the-sun.com/money/4167859/4th-stimulus-check-update-surprise-november-december-update/

Is a second stimulus check coming? Here's what we know

(WXYZ) — Remember talk of a second stimulus check?

The presidential election put negotiations on hold.

But will we get one now?

With the election finally over, Congress now is about to get back to work.

And for many Americans, the first thing they want to know is whether we will now get a second round of stimulus checks.

Where's that next $1,200 check?

Negotiations in Stimulus second check update stalled as the election approached.

Democrats last pushed a $2.2 trillion package with another round of checks.

The White House offered a $1.9 trillion stimulus, also with checks.

But Senate Republicans offered a $500 billion "skinny bill" that may not include any checks.

But from the doesn’t that stink file, the hundreds of YouTube videos that make it seem another stimulus check is on the way.

Why? Because these videos earn money for the YouTubers who make them.

Here’s a sample of what we’ve seen:

“Will the focus be more on stimulus? All indications are it will!?"

"Welcome back to another stimulus check update, my name is Ron."

“Hey guys, stimulus second check update is Remy with your second stimulus check update.”

But the king of YouTube stimulus checks videos is a guy known as "It's Jimmy" who posts stimulus videos every few days.

“What’s up guys, this is Jimmy with your second stimulus check update," he says.

This one has 121,000 views. Business Insider says 100,000 views earns a YouTuber about $1,300, about same amount as a stimulus check.

So, we could see a second round of stimulus checks in December.

Or, we could just see a lot more YouTube videos.

As always, don’t waste your money.

Источник: https://www.wxyz.com/money/consumer/dont-waste-your-money/is-a-second-stimulus-check-coming-heres-what-we-know

Second Stimulus Check Update: Trump Signs Bill Authorizing Second Round of Stimulus Checks

A second stimulus check is finally on the way. After a nearly week-long political guessing game, President Trump has signed the massive COVID-relief and government spending bill recently passed by Congress. The $900 billion bill that includes, among other things, a second round of stimulus checks ($600 base amount), $300-per-week unemployment benefits, renewed funding for Paycheck Protection Program small business loans, money for COVID-19 vaccines and testing, extended tax breaks, and much more.

The legislation doesn't provide the $2,000-per-person second stimulus checks the president pushed for after Congress passed the bill. However, more money may be on the way. In a statement released before the stimulus bill was signed, the president said "the House will vote to increase payments to individuals from $600 to $2,000" on December 28 (this was previously planned). He also said "[t]he Senate will start the process for a vote that increases checks to $2,000." Whether that happens remains to be seen. However, if payments aren't increased to $2,000, Americans will still receive the $600 second stimulus checks stimulus second check update by stimulus second check update bill already signed by the president.

When Will Your Second Stimulus Check Arrive?

Before the president said he didn't want to sign the COVID-relief and government spending bill, Treasury Secretary Steven Mnuchin told CNBC that checks would start going out before New Year's Eve. However, nearly a week has gone by since Congress passed the bill, so it isn't known at this time if that schedule is still feasible.

In any event, the stimulus bill puts a deadline on delivery of second-round payments. The IRS can't send any second stimulus checks after January 15, 2021. If a payment isn't sent to you by then, you'll have to claim the amount owed to you as a "recovery rebate" credit on your 2020 federal income tax return (which will be due April 15, 2021).

If the IRS already has your bank account information—either from a recent tax payment that you made or from a tax refund it sent you—then expect to get your second stimulus check faster. That's because the IRS will be able to directly deposit the payment into your bank account. The IRS can also make a second stimulus payment to a Direct Express debit card account, a U.S. Debit Card account, or other Treasury-sponsored account. Otherwise, expect to get a paper check in the mail.

Источник: https://www.kiplinger.com/taxes/601995/second-stimulus-check-update-trump-signs-bill-authorizing-second-round-of-stimulus

Seal of the U.S. Department of the Treasury, 1789U.S. Department of the Treasury

Economic Impact Payments

The Treasury Department, the Bureau of the Fiscal Service, and the Internal Revenue Service (IRS) rapidly sent out three rounds of direct relief payments during the COVID-19 crisis, and payments from the third round continue to be disbursed to Americans.


Unemployment Compensation

The American Rescue Plan extended employment assistance, starting in March 2021, and waived some federal taxes on unemployment benefits to assist those who lost work due to the COVID-19 crisis.

Child Tax Credit

The American Rescue Plan increased the Child Tax Credit and expanded its coverage to better assist families who care for children.

EMERGENCY RENTAL ASSISTANCE

The Emergency Rental Assistance program makes funding available to government entities to assist households that are unable to pay rent or utilities.

Источник: https://home.treasury.gov/policy-issues/coronavirus/assistance-for-American-families-and-workers

Third Stimulus Check Update: When Could We Get Another Stimulus Check?

President Biden has other plans, though. He wants to include a third round of stimulus checks in a $1.9 trillion economic relief package that would also provide money for vaccine distribution, opening schools, state and local government, enhanced unemployment benefits, and much more. By combining all these relief measures into a single bill, it will likely take longer to get through Congress – especially since the Democrats majority is the Senate is razor thin (a 50-50 split, with Vice President Kamala Harris holding the tie-breaking vote).

Just one Democratic defector could gum up the works on a comprehensive bill in the new Senate. In fact, Sen. Joe Manchin (D-W.Va.) has already thrown some shade on the idea of more stimulus checks if they're not "targeted" and only sent to people who need them. Other Democratic senators could also have other objections to the contents of a large bill (in many cases, arguing that not enough relief money is being proposed). With so much money involved and so many different programs, it could take weeks of negotiations to get enough senators on board. A few Republican votes could be needed too, which could take some time to arrange. If there's no Republican support, then Biden's plan would probably have to go through the budget reconciliation process to pass in the Senate (this would allow the package to pass with only a majority vote instead of 60 votes). Under this approach, delivery of third-round stimulus checks could easily be delayed until late February or March – or, perhaps, later.

Other Reasons for Delay

Getting the virus under control will be President Biden's number one priority once he's in office. While helping Americans who are hurting financially because of the pandemic is stimulus second check update, there will likely be other COVID-related health measures he'll want to handle first. If that means stimulus second check update the focus off economic relief – and off stimulus checks in particular – then that could delay third-round payments.

Congress will have a lot on its plate, too. Democrats want bold change quickly on several fronts. But their agenda could be held up by impeachment proceedings against former President Trump in the Senate. Time spent on impeachment means time away from economic relief – and, therefore, away from stimulus checks.

Some Democrats have suggested waiting a few months to send articles of impeachment to the Senate for consideration. That tactic would minimize delay on economic relief and other priorities by allowing the Senate to take care of other business before tackling the thorny issue of impeachment.

And let's not forget that the Senate will also have to confirm Biden's appointees to his cabinet and other political offices. This, too, could take time away from dealing with stimulus checks and other economic matters.

Источник: https://www.kiplinger.com/taxes/602111/third-stimulus-check-update-when-could-we-get-another-stimulus-check

2 Replies to “Stimulus second check update”

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