RefundtalkThe Internal Revenue Service (IRS) is currently focusing on a stimulus check backlog which includes the Plus-Up Payments that many Americans are entitled to. There are some American citizens who are set to receive a payment of up to $1,400 before the end of 2021 and the start of 2022 as part of a surprise plus-up stimulus check. These checks will be sent before…
Category Archives: Stimulus Payment
October 2021 Stimulus Check Update: Some U.S. states are issuing their own stimulus checks and cash bonuses
Whether you’re in Arizona to Washington, we have you covered with this in-depth guide on the latest news concerning financial help being sent out on a state level amid the coronavirus crisis. Find out what economic help is on the way with this COVID-19 aid guide. A fourth stimulus check from the federal government does not appear likely.…
New stimulus payments are less than a month away… here’s who gets the money
Stimulus payments are being sent out by the federal government this fall. The next payment is scheduled to be delivered in about three weeks. The payments are part of the American Rescue Plan that President Joe Biden signed into law in March. In the middle of October, most American families will receive another payment as part of the expanded…
IRS tax refund update: Faulty ‘math error’ notices sent to people who claimed stimulus check credits
Remember what it felt like when your teacher marked something as “incorrect” on your homework, but then the correction itself turned out to be incorrect? Well, millions of American taxpayers may feel like they’re in that very situation right now. The Internal Revenue Service (IRS) has issued some 5 million “math error notices” that neglected…
How To Return An Improper Advance Child Tax Credit Payment
The IRS has provided instructions for returning advance child tax credit payments (CTCs) that the recipient did not qualify for or, for other reasons, wishes to return. Because of one or more of the following reasons some taxpayers who do not qualify for the 2021 advance of the CTC will get 2021 advance payments: IRS…
How nonfilers can claim advance child tax credit payments
IRS clarified how individuals who are not otherwise required to file 2020 federal income tax returns can claim advance child tax credit (CTC) payments as well as stimulus payments (i.e., third-round economic impact payments, 2020 recovery rebate credit payments, and additional 2020 recovery rebate credit payments). To process these payments, the IRS needs certain information…
Child Tax Credit: IRS to open portals on July 1; checks will begin July 15
The IRS will have two online child tax credit portals open by July 1. That’s where you’ll change your status and more. The child tax credit payments are coming — the good news is 88% of American families will qualify for at least some money. However, to make sure you get the right amount (and to make sure you’re not overpaid),…
Your Economic Impact Payment Is Available: Find Out Status
The IRS enables you to check when your 2021 Economic Impact Payment is available. The tool updates once each day, usually overnight. The IRS asks that you do not call them and encourage you to use this feature to check the status of your payment. Previous payment information is no longer available in the feature…
Third stimulus payment: $1,400 or $3,600 per child? Why some are confused
Two items in the COVID relief package affect how much money the government will send parents to cover their children in 2021. Inside the COVID relief package that could be voted on by the full House as early as next week, there are two different dollar amounts that involve children and their parents that people are talking…
If You Didn’t Get Your Economic Impact Payment, Your Joint Tax Return May Be the Reason Why
If you didn’t receive your Economic Impact Payments (EIPs) and a 2018 or 2019 joint return was filed in your name without your consent, you may be eligible to claim the Recovery Rebate Credit (RRC) on your 2020 tax return. Since the issuance of the first round of EIP, our office has been working with…
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