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Tuesday, August 9, 2022
The US economy faced a severe recession with the onset of the pandemic in March 2020. The American economy immediately went into a recession and unemployment spiked to 14.8%. It was the highest in 72 years with such a peak witnessed after WW II in 1948. The US government...
Even as it becomes certain that the federal administration has turned its back on any more stimulus checks, the states are slowly moving in to help out residents. This has been possible thanks to an exceptional year and the funds received from the federal administration under the American Rescue...
As the U.S. continues to face high inflation rates and fears of a possible recession, some states are planning to send out another round of stimulus check payments for residents. Multiple states have already approved new stimulus check packages to ease residents' economic concerns, and some states are planning to...
National average gas prices have fallen slightly in mid-July, down to $4.67 from their record high of just under $5 in June 2022, according to AAA. The drop occurred in spite of increased demand sparked by holiday weekend travel and summer vacations. However, many Americans are still struggling to...
With the embers of the fourth stimulus check cold, people have given up hoping for further stimulus checks from the federal administration. Biden is fighting to retain control over Congress with the midterms right upon him. At this juncture, any hope of further direct stimulus seems pointless. Federal lawmakers had...
Despite desperate measures by the federal government, the likelihood of a recession over the coming years has risen. The Federal Reserve continues with a policy of economic tightening cycle, its most aggressive move in decades. It is the latest in a series of warnings by experts about the potential...
The season of paying taxes is here, and there are a few things one must know before filing their last year's tax returns. Stimulus Checks have been around for the last three years. However, from this year, the Federal Government are not going to help the countrymen with those...
The current economic situation in the USA is similar to Catch-22, in that although a large section of the society needs a stimulus check payment, the fresh round of payments will simply make inflation worse. Despite the discussions that took place in the early part of the year, it...
With the tax season of 2022 round the corner, there are a couple of things that one needs to know before they file for their 2021 tax return. The IRS, as we know, will start accepting most of the federal income tax returns for the tax year of 2021...
This week, Social Security payments will begin for residents of Indiana, Chicago, New Mexico, and Maine. A new Indiana law requires the state to provide residents a tax credit for any budget overages. Therefore, joint filers will receive a stimulus check of $250, whereas single filers would only receive $150....
The federal administration's decision to stay away from any further stimulus checks has been tough on low and moderate-income families even as prices at the grocery store and the gas pump continue to rise. The stock market too has crashed along with the cryptocurrency market. The Federal Reserve tried...
Millions of workers and their families will receive a one-time stimulus check from the government as part of the coronavirus stimulus check package. Most adults will get $1,200 worth of stimulus checks, while children will receive another $500.  For workers who have already lost their jobs because of the pandemic’s...
Residents of Indiana, Chicago, New Mexico, and Maine will get monthly Social Security benefits this week. New legislation in Indiana mandates that the state provide people with a Stimulus Check for any budget overages. As a result, joint filers will get a Stimulus Check of $250, and solitary filers will...
On July 11, House Speaker Ron Mariano, Senate President Karen Spilka, Ways and Means chairs Representative Aaron Michlewitz, and Sen. Michael Rodrigues tweeted that Massachusetts had announced a $500 million package of tax rebate stimulus check centered around "a framework for radical reforms to our taxation system that will...
The pandemic had a severe impact on the US and global economies. The federal administration responded promptly to the crisis by enacting several policies providing immediate stimulus checks to the economy. It brought immediate relief to those affected by this global disaster. The Federal Reserve also introduced a series...
Across the country, states are providing stimulus checks since the federal government has failed to act. But the rules for getting this money into your bank account can be more complicated. In fact, unlike the federal checks which were broadly issued to most Americans, some payments coming from the states...
While more federal stimulus check payments are unlikely this year, over a dozen states are sending tax refunds to residents. In late June, South Carolina became the latest state to combat rampant inflation and the growing threat of recession with a plan to send an income tax rebate check to...
California has given more direct assistance in the form of stimulus checks and other relief to residents than any other state. It has already given out two rounds of payments, the Golden State stimulus I and II. In the past 15 months, the rent relief program has delivered around $4B...
The pandemic caused economic havoc across the world and the US was among the worst affected. And more than two years down the line, it continues to affect the lives of millions as the economy is still to settle down to an even keel. The federal stimulus checks were...
Taxpayers in Indiana can expect a one-off $125 stimulus check called the Automatic Taxpayer Fund. A second payment could also be close behind. Governor Eric Holcomb has proposed sending another payment of $225 for individuals and doubles that for married couples filing jointly. This largesse has been mostly due to...