The New Year may bring with it big changes. Promising late-stage COVID-19 vaccine results may soon end the pandemic. Meanwhile, President-elect Joe Biden’s inauguration on Jan. 20, 2021, will usher in a new era for politics on Capitol Hill. But some of the biggest changes in the upcoming year are […]
Yes, your second stimulus check could be smaller if…
A bipartisan group of lawmakers is set to roll out a proposal for short-term economic relief package this week that skips over a second stimulus check. If the plan is approved, that doesn’t mean another check is coming; it just means you may need to wait a little longer. “There may be a stimulus check, […]
Second stimulus check: What’s the soonest the IRS could send it before the end of the year?
Despite the House of Representatives being due back next Monday, and the Senate having reconvened this week, a question mark still hangs over the approval date of a second stimulus check. Ahead of his inauguration, President-elect Joe Biden has his own stimulus plan that includes funding for direct payments, but […]
Trump Paid No Income Taxes in 10 of Last 15 Years: New York Times
WASHINGTON (Reuters) – President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data. The Times reported that Trump, who is seeking re-election in […]
Second stimulus check might still be possible for eligible adults. Here’s who might qualify
The months-long journey toward getting a second stimulus check approved might be getting closer to reaching an end, if the latest hints about restarting stimulus bill negotiations turn out to be true. All eyes are on Congress to come together in the next few weeks to vote on a bill that includes another direct payment. President Donald Trump […]
Treasury releases payroll tax deferral guidance
The Treasury Department on Friday night released guidance related to President Trump’s payroll tax deferral, which is scheduled to begin next week. The guidance allows employers to defer payroll tax withholdings for employees with incomes below $4,000 during a bi-weekly pay period, calculated on a pre-tax basis, or the equivalent. The deferral period will be Sept. […]
Here’s How To Fix 13 Common Stimulus Check Problems (Some With A Little Help From The IRS)
Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive […]
Texas hospital district calls for stricter ‘prompt pay’ rules
The Knox County (Texas) Hospital District (KCHD) is calling for legislative reform that would restore Texas’s “prompt pay” requirements on the insurance industry. KCHD has a pending complaint at the Texas Department of Insurance (TDI) against Aetna US Healthcare to get payment on more than $12 million in claims going […]