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Another or Fourth Stimulus Check (Free Government Money) in 2021 Following $1400 Payments – Latest Status and News Including IRS Plus Up Payments

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This article provides updates, income qualification thresholds and FAQs on the various COVID relief stimulus (a.k.a Economic Impact) payments made over the last year. Each round of stimulus “check” payments has slightly different rules (and payment constraints) so please ensure you review each one separately. …

Will Unemployment Benefits Be Extended Again in 2021 or into 2022? Latest PUA, PEUC and Extra $300 Weekly Payment (FPUC) News and Rollout Updates

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With the rollout and payment of extended unemployment benefits under the Biden ARP stimulus package now well underway, many are already discussing the possibility of further extensions to the end of 2021 or even into 2022. While the economy has improved and COVID vaccination levels …

I Finally Got Paid and Got My Tax Refund

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This was what one reader wrote, which inspired the title of this article, “I filed 2/13 and was accepted same day. But then no updates for several weeks. I called several times and was eventually sent to the IRS error and resolution department where my …

When Do Unemployment Benefits End – PUA, PEUC and Regular UI Payments?

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This is a question a few readers have been asking following the recent extension of federally funded enhancement benefit programs (PUA, PEUC and FPUC) to September 6th. There are already talks of further extensions to the end of 2021, but this won’t be confirmed till …

What Happens When My Unemployment Benefit Year Ends? Do I File a New Claim or Automatically Get Extra Weeks under PUA and PEUC

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Millions of American’s have been relying on unemployment benefits over the last year as their primary source of income following COVID related job losses. This has also meant a growing number of jobless or underemployed folks on unemployment have or are about to reach the …

Plus-Up Extra Stimulus Payments to Capture Updated Income and Dependent Information in 2020 Tax Returns Now Being Paid with 2021 Refund Payments

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The IRS is aware that several people have updated taxable income (AGI) and dependent information in their 2020 tax filings. As a result the IRS is now processing, via their latest payment batch, additional or plus-up extra stimulus payments for tax filers who had earlier …

Tax Refund vs. Stimulus Check – Which One is Being Paid Faster or Delayed Longer by the IRS?

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With one of the busiest tax seasons on record the IRS is caught between paying out the latest round of stimulus payments – $1400 per adult and $1400 per qualifying dependent (and this time adult dependents are included) – and processing 2020 tax refunds for millions of tax filers. …

Quarterly Estimated Tax Payments and 2021 to 2022 IRS Installment Due Dates

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Estimated taxes normally have to paid if you do not withhold taxes via your employer or if the amount of income tax being withheld from your salary, pension, or other income is insufficient. Estimated taxes are generally paid by small business’, self-employed workers with variable …

Extended Tax Refund Delays and Expected IRS Processing Schedule For Returns With Exceptions

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While the IRS says that most refunds will be paid in 21 days, many tax filers find that it could take much longer. Coupled with known IRS backlogs and processing issues, the wait time to get your refund could stretch into weeks. Below is a …

How Many Weeks of Benefits in the Latest Unemployment Extension Stimulus – 29 or 25?

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[Updated following DOL Guidelines] We finally have an official answer to the question in this article and earlier discussion around how many weeks are actually in the ARP bill that funded the second extension of enhanced unemployment benefits. The Department of Labor (DOL) has acknowledged …

IRS Tax Topic Codes on Where is My Refund (WMR and IRS2GO) – 151, 152, 203, 1161, 570

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I have been seeing a lot of comments from readers around IRS Tax Topic Codes they are seeing on the Where is My Refund (WMR) IRS refund tracking website, IRS2Go app or even on their IRS transcript. Many of the IRS Tax Topics are based …

IRS Could Take Several Months to Process Expanded Child Tax Credit (CTC) and Unemployment Tax Break Payments With Focus on Third Stimulus Checks

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While many have hailed the new unemployment tax breaks and expanded child tax credit in the Biden Stimulus Plan (ARP) as a boon to lower and middle income households, there is a concern that the IRS will have a tough time implementing and making payments …

Health Insurance Tax Credit Extended Through 2021 Under Biden Stimulus Package covering COBRA Subsidy and Obamacare (ACA) Recipients

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Under the now approved Biden administration’s nearly $2 trillion stimulus package, also known as the American Rescue Plan (ARP), provisions have been added to provide relief for lower income and middle class Americans to save on Health Insurance if they are out of a job, and …

Can I Claim the $10,200 Unemployment Tax Break in the Biden Stimulus Bill in 2020 or in 2021? Updated with IRS Guidance

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Under the Biden Stimulus (ARP) package which funded another round of unemployment benefit extensions, there was a late provision added that provided a tax break on unemployment insurance (UI) benefits. This was added as a compromise to appease factions of the Democratic party who wanted …

What Happens if Enhanced Unemployment Runs Out Before Extended Again

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With President Biden and Congressional Democrats still working overtime to pass their $1.9 Trillion dollar stimulus package, which includes additional stimulus check payments and a further 24-week extension to federal enhanced unemployment benefits – PUA, PEUC and FPUC programs – many are worried that the …