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Check your account: $600 stimulus payment might be there
Read full article: Check your account: $600 stimulus payment might be thereThe $600 payments were sent by direct deposit to some Americans’ bank accounts Tuesday night. The direct deposit payments will continue into next week. @USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. (2/2) — Steven Mnuchin (@stevenmnuchin1) December 29, 2020Later this week, Mnuchin said, Americans will be able to check the status of their payment at http://IRS.gov/GetMyPayment. Americans earning up to $75,000 will qualify for the direct $600 payments, which are phased out at higher income levels, and there’s an additional $600 payment per dependent child.
Still haven’t gotten your stimulus check? Some things you can check on in the meantime
Read full article: Still haven’t gotten your stimulus check? Some things you can check on in the meantimeImportant question: Have you gotten your stimulus check yet? In fact, most people don’t need to take any action, and will automatically receive the payment. Let’s talk through the tools available to investigate what might be holding up your check, prepaid debit card or direct deposit. You’re eligible for the Economic Impact Payment, right? Here’s a detailed list you should triple-check just to make sure you’re eligible for the payment, and see how much you should receive.
Some nursing homes are taking residents’ stimulus checks, FTC warns
Read full article: Some nursing homes are taking residents’ stimulus checks, FTC warns(CNN) – Nursing homes have no claim to their residents’ stimulus checks. The Federal Trade Commission reported that that nursing homes in several states are requesting residents sign over their stimulus checks. Here's why: The stimulus checks are considered tax credits per the CARES Act, which is providing economic relief to people and businesses. And if you're not sure whether you're being swindled, the FTC has a resource to identify common coronavirus scams. Some links may contain malware that can steal the user’s private information so scammers could claim their checks.
Another round of stimulus payments expected to hit bank accounts no later than next week
Read full article: Another round of stimulus payments expected to hit bank accounts no later than next weekAnother round of stimulus payments expected to hit bank accounts no later than next weekPublished: April 27, 2020, 6:03 pmRelief is on the way for some people who are still waiting for their $1,200 stimulus check, specifically for those non-filers on Social Security or disability.
People receiving stimulus checks get letter signed by President Donald Trump
Read full article: People receiving stimulus checks get letter signed by President Donald TrumpIf you’re getting money from the federal government as part of the recent stimulus response to the coronavirus, you’ll also get a letter from President Donald Trump explaining why. CNN has obtained a copy of the letter signed by the President and sent to recipients of the stimulus payments. The Treasury Department said Friday more than 88 million people received stimulus payments in the past week. Regarding who decided the method of notice would be a letter from the President, the White House did not provide a comment. The Treasury Department did not immediately return a request for a comment.
Important deadline extended for non-filers with dependents applying for federal stimulus
Read full article: Important deadline extended for non-filers with dependents applying for federal stimulusWhile millions have received the coronavirus stimulus relief check, a crucial deadline looms for people who haven’t been paid yet. If you miss this deadline, you’ll still get your $1,200 payment, but not an additional $500 per dependent child under 17. According to the IRS, if you are required to file a return, using this tool will NOT speed up your economic impact payment. Instead, it’s likely to slow down processing of your tax return and getting any money. The deadline is applies to those receiving Social Security retirement or disability benefits, supplemental security income, railroad retirement benefits, or Veteran’s Affairs benefits.
President Trump’s name will be added to stimulus checks after last minute order
Read full article: President Trump’s name will be added to stimulus checks after last minute orderPresident Donald Trump’s name will appear on checks sent to millions of Americans to combat the economic effects of the coronavirus in a last-minute Treasury Department order, a senior administration official confirmed to CNN on Tuesday. The decision to add Trump's name will not result in a delay for Americans receiving those checks, the senior administration official said. Many others are receiving the payments through direct deposit, if they have their bank information on file with the Treasury Department. The president, however, is not authorized to sign Treasury payments -- a practice typically held by a government employee to protect the checks from politicization. The plan for Trump's name to appear on the checks had been underway for weeks, a Treasury official told the Post.
Everything we know about the timeline of stimulus payments
Read full article: Everything we know about the timeline of stimulus paymentsAmericans are highly anticipating the release of the federal government’s coronavirus relief stimulus check, but the timeline as to when payments will be released has been unclear at best. One plan outlined the first wave of payments were going to be dispersed Thursday, but all indications thus far show those payments didn’t come. Treasury Secretary Steven Mnuchin has not given a specific timeline beyond the expectation that payments will go out “within three weeks". News outlets have reached out to the Treasury and IRS for comment on the timeline, but no spokespeople were available. What if you never received a direct deposit from the IRS?
IRS plan: 50 million Americans to receive first stimulus payout
Read full article: IRS plan: 50 million Americans to receive first stimulus payoutThe first payout is estimated to cover at least 50 million Americans. About 90% of Americans would be eligible to receive full or partial payments, according to estimates by the Tax Policy Center. Qualifying income levels will be based on 2019 federal tax returns, if already filed, and otherwise on 2018 returns. To ensure you receive your money as soon as possible, make sure the IRS has your bank account information on file. But some populations who don’t typically file returns — including senior citizens and low-income people who might not traditionally file tax returns — may be confused.
Coronavirus: Who qualifies for a stimulus check?
Read full article: Coronavirus: Who qualifies for a stimulus check?JACKSONVILLE, Fla. – Many Americans are counting down the days until stimulus checks hit their bank accounts after Congress passed the $2.2 trillion spending bill last week. The U.S. Department of Treasury estimates that people should begin receiving their stimulus checks over the next three weeks. The big questions on most people’s minds are, do they qualify for a check? And if so, how much money is that check going to provide? The IRS is expected to release a web-based application for people to provide the details needed to get their payments.