Money Today That Matters Tomorrow
Few people enjoy the idea of discussing how much life insurance they need and what the ideal policy is for them. However, the truth is that having a good life insurance policy in place is very important. In fact, it can make the difference between your loved ones being able …
I seem to be getting a lot of comments and questions related to child support arrears and offsets around the advance/expanded Child Tax Credit (CTC) and stimulus payments (recovery rebate credit) for adults and their child dependents. The IRS has confirmed that the stimulus check (economic impact) payments will NOT be offset or …
With the expiry of federal enhanced unemployment benefit programs like PUA, PEUC, $300 FPUC and $100 MEUC after September 6th 2021 in all states, there have been a lot of questions around what happens with ongoing, new and past payments. You can see the following sections where I discuss these …
While most states have now updated their unemployment filing systems to accept new claims or reactivate existing PUA and PEUC claims to support the pandemic unemployment assistance programs rolled out under the CARES act and extended in 2021 under the CAA COVID Relief Bill, there are still many, many issues …
The Georgia Department of Labor (GDOL) manages the states’ unemployment insurance programs, including the now expired federally funded pandemic unemployment programs. This includes enrollment, benefits payments and ongoing certification process. In addition to unemployment benefit insurance programs, Georgia also had several benefit programs over the last few years as discussed …
[Update] – All past stimulus (economic impact) payments need to now be claimed via filing a tax return for the applicable tax year the stimulus check was paid. 2020-2021 Stimulus Check Payments More than 120 million stimulus payments have been made by the IRS and associated Economic Impact Payment (EIP) …
Despite three rounds of dependent stimulus checks and the advance monthly child tax credit (CTC) paid in 2021, many tax payers are still waiting to be paid and are relying on their 2021 tax filing to get missing payments for their eligible dependents. While retroactive payments were made or “caught-up” …
The IRS has published the latest figures on how stimulus check payments have been made by state. Roughly three-quarters of people who are eligible for a $1,200 stimulus payment from the federal government have received it, according to the Treasury Department. Payouts have gone to over 135 million individuals worth …
With payment now having started for the latest round of stimulus checks, many people are seeing issues with their payments, especially around getting the higher dependent stimulus payment. The IRS have stated there is no action required by eligible individuals to receive stimulus payments and will be done in several …
Under the now passed $1.9 Trillion Biden COVID Relief Package (American Rescue Plan, ARP) there were provisions included for another (third) round of stimulus checks. The amounts will be $2800 for couples, $1400 for single adults and $1400 for each eligible dependent. While payments have started going out per the estimated IRS schedule, many are …
I fly a lot for work and have frequent flyer miles with several airlines around the world. I know the airline industry is being devastated now with all the coronavirus induced travel bans. But I was surprised when I got the following note from Virgin Airlines – You may be …
[April 22nd update] The Republican controlled Senate has now passed a $484 billion coronavirus bill for small business and Coronavirus related hospitalization and testing. This is in line with the earlier update below, with the following changes; $310 billion to the Paycheck Protection Program (PPP) for small businesses. $120 billion …
[Third Stimulus Payment Update] The IRS has started paying the recently approved third stimulus check (economic impact payment) for adults and their child dependents. As expected there are many who are seeing issues, especially non-filers. Their main IRS status tool – Get My Payment – is now up and running but several are …
Under the now approved $1.9 Trillion Biden Stimulus Package, or American Rescue Plan (ARP), there are provisions included for another round of stimulus checks. The amount being paid for this third round of stimulus “checks” is $1400 for each adult and qualifying dependent, Non-filers, or those who have not filed a recent tax …