The next big stimulus update will come as soon as this week when the Senate votes on its own version of President Joe Biden’s $1.9 trillion economic rescue package that was passed by the House of Representatives last week. According to one estimate of how things will play out this […]
In December, a third stimulus check was synonymous with $2,000. Now it’s $1,400. And on Sunday, a group of 10 Republicans petitioned to make a third payment a maximum of $1,000 per qualified adult — with additional changes to the stimulus check formula that would have the net effect of sending the new payment to fewer people overall. While […]
The IRS urged Americans to file their taxes electronically this year as the agency deals with a backlog of nearly 7 million unprocessed paper returns from last year. On Friday, the IRS announced that it was delaying the start of the 2021 tax season, which usually begins at the end of January, to Feb. 12 to […]
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 […]
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, […]
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 […]
With the Nov. 3 election in six days and counting, we know that a stimulus bill won’t get a vote until after it’s over. It may not even fully come together before then. As Democratic and White House negotiators continue to tussle over the details, we can help you get […]
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 […]
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 […]
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. […]