The IRS recently announced that approximately 1 million taxpayers will soon receive special payments of up to $1,400. These payments, part of a $2.4 billion distribution effort, will either be directly deposited into eligible individuals’ bank accounts or sent as paper checks via mail. The payments stem from the Recovery Rebate Credit for the 2021…
This week, Congress will start working on a stimulus package proposed by President Biden. The relief bill will likely include a stimulus check worth $1,400 that will go out to millions of Americans, but that’s not the only financial benefit the legislation might boast. According to the Washington Post, House Democrats have drafted a proposal that will see the…
The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers. IRS phone assistors do not have additional information beyond what’s available on IRS.gov. The IRS and the Treasury Department…
