IRS sending Interest payments

This week the Treasury Department and the Internal Revenue Service will send interest payments to about 13.9 million individual taxpayers who timely filed their 2019 federal income tax returns and are receiving refunds. The interest payments, averaging about $18, will be made to individual taxpayers who filed a 2019 return by this year’s July 15 […]

Individual Provisions – Coronavirus Aid

Individual Provisions Coronavirus Aid, Relief and Economic Security (CARES) Act. In response to the economic harm that the COVID19 virus has caused, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. The Act provides an estimated $2 trillion in assistance, including almost $500 billion in individual rebate checks. Another $500 billion […]

What’s the status of your stimulus check?

Curious about the status of your stimulus check? The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments. The enhancements, which started last week and continued through the weekend, adjusted several items related to the online […]

Unemployment Compensation Benefits Expanded

Unemployment Compensation Benefits are expanded Unemployment compensation benefits expanded. Self-employed individuals and others who are typically ineligible for unemployment or have run out of such insurance will be eligible for up to 39 weeks of benefits due to this provision. The Federal Government has offered to pay states to provide unemployment compensation immediately. Foregoing the […]

The Economic Impact Payment

Here’s how much individuals will get from the Economic Impact Payments. Are you employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents under certain income levels, will receive the Economic Impact Payment if they are not claimed as a dependent and […]