Money Today That Matters Tomorrow
The IRS has started making monthly payments for the expanded Advance Child Tax Credit (CTC). Nearly 40 million households covering 88% of eligible dependents will automatically begin receiving monthly payments without any further action required by their parents or those claiming them as dependents. The key is ensure you have …
With the rollout and payment of extended unemployment benefits under the Biden ARPA stimulus package now well underway, many are discussing the possibility of further extensions to the end of 2021 or even into 2022. This is despite nearly half the states in our divided union ending federally funded enhanced …
With unemployment benefit extensions set to end after the week ending September 4th in states that didn’t end pandemic benefits early, many are asking what will happen to their active claim balance if they have weeks left. The answer unfortunately is that the balance will expire or remain unused unless …
In response to ongoing delays in making timely unemployment benefits payments, California’s Unemployment Agency – The Employment Development Department (EDD) – has announced that it will begin paying unemployment insurance benefits for claimants whose payments have been pending for at least two weeks. While this currently only being done for …
As you can see from the graphic below, the PUA and PEUC programs make-up nearly 70% of unemployment benefits paid over the last 12 months. These programs, in addition to the $300 to $600 weekly boost, have helped tens of millions of people and their families get through the worst …
[Updates from latest GAO report] The anger and resentment is building up across millions of American tax payers who have been waiting weeks, if not months, to get their overdue IRS refunds and/or stimulus payments. The IRS recently reported that they still have nearly 16 million unprocessed individual returns, which …
Raising the debt ceiling has come to center stage again in Washington D.C. as Senate Republicans threatened to vote against an increase or suspension to the debt ceiling unless Congress first agrees to new spending cuts or other measures, to counteract President Biden massive spending bills. The debt ceiling takes …
Like millions of American households, I got my monthly advance CTC payment deposited in my bank account today! For most this is awesome news because there were genuine concerns that there could be long delays with the IRS making these ARPA funded payments. You can see more on the Advanced …
With payment of the expanded and advance Child Tax Credit (CTC) underway, many parents and guardians with dependents over 18 are feeling like they are missing out on the government largesse going to children. But there is some relief for this group, beyond what was provided in the last round …
Many of the states that ended federally funded unemployment benefits early (see full list) are now facing several legal challenges that has meant a reconsideration of the early termination and in some cases a continuation of benefits past the state Governor’s prescribed early end date. The general argument’s being put …