Andy | Saving to Invest

IRS Economic Impact (Stimulus Check) Letter is Useless and Of No Help

[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)…

How Can I Get My Missing Dependent Child Credit or Past Stimulus Payments? IRS CTC portal and Latest Status For 2021-2022 Tax Refunds

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"…

Average Stimulus Check (Economic Impact) Payment by State – Highest to Lowest

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…

Calling the IRS for Stimulus Check Payment Issues or Checking the Get My Payment Tool vs. Getting Through to a Live Agent

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…

My Stimulus Check Payment Went to the Wrong or Closed Bank Account

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…

Should I Cash In My Frequent Flyer Miles if Airlines Are Heading Towards Bankruptcy Due to Coronavirus COVID-19

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…

The Fourth Stimulus Bill Does NOT help Lower Income Individuals and Unemployed Who Are Left Out in Favor of Business

[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 to…

Where is my Stimulus Check? Latest Status and Updates and News on Payment Delays via Direct Deposit, Check and Debit Card

[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…

When Will Non-Filers Including Veterans, Retirees, Social Security, SSI & SSDI Recipients Get Third $1400 Stimulus Checks and Dependent Payments?

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…

Independent Contractors, Self-Employed and Gig Economy Workers Still Facing Long Waits to Get Unemployment Checks Under PUA and $600 FPUC Stimulus Programs

Many self-employed, independent contractors and gig workers who had been made eligible for unemployment insurance benefits under Enhanced Unemployment provisions within the CARES act are still unable to successfully file claims several weeks after the law was passed due to delays in states processing unemployment claims and completing income verification…

Stimulus Check Payment Status Updates and Latest News For IRS EIP Payments

There has been a lot of debate over the last few months on if another stimulus check payment will be made in 2022 or even in 2023 as the economy worsens and inflation takes a heavy toll on household budgets. You can see this article for a more detailed discussion, funding for…

Working Reduced Hours but Making too Much For State Unemployment and Extra Stimulus Payment (#UIShole)

$600 Unemployment for Part Timers Received the following comments from some higher income people who have fallen into what I call the Unemployment Insurance Stimulus Hole (#UIShole). Yes, I know how it sounds and it is intentional because people who face this situation probably want to use a word that…

How can I Claim My Remaining Child Tax Credit (CTC) or Missing Dependent Stimulus Payment in 2022? IRS Refund Payment Delays

This article provides updates, income qualification thresholds and FAQs on current and past child tax credit (CTC) and dependent stimulus (economic impact) payments. Each one has slightly different rules (and payment constraints) so please ensure you review each one separately and the associated FAQs/videos. Click the links below to jump…

Auto Insurance Coronavirus Refund Credits via Premium Decreases and Rebates

[Update] - I got my policy rebate today! It’s paid monthly but still nice to see some money back in my bank accounts. As part of our Apron Relief Program, we issued you a premium credit on 05/11/2020. Your credit amount was $17.84. This amount represents a 20% credit of your…