The expanded Child Tax Credit became effective on March 11, 2021, after President Joe Biden signed into law the American Rescue Plan Act. It provided historic tax relief to the vast majority of families as the CTC stimulus check reached homes well in advance through monthly payments between July...
The first stimulus checks were issued in March 2020 to save the human race, people were dying out of hunger, and drowned in debt besides losing their jobs. The payment was a lifesaver and prevented many from ending up on the streets. Due to a lack of knowledge and...
It is that time of year when Americans review their financial position and strive to improve them for the coming year. It is also the time to gather all tax documents before the tax filing deadline, which normally falls on April 15 each year. An added incentive for Americans...
Millions of Americans are waiting for another stimulus check to be issued in 2022, but the chances of that happening is pretty low.
The last payment was sent to the people back in March 2021 and it has been over a year since the citizens received a financial boost from...
One of the most successful of the COVID-19 era federal support payments, during and after the pandemic, ended after just one year. The expanded version of the Child Tax Credit stimulus check was hugely successful but despite President Biden’s effort to continue with it through 2025, it came to...
You will receive a portion of the almost $3 bn in tax return stimulus check money that Massachusetts will distribute in Nov if you filed individual income taxes in the state in last year and filed your tax return in Massachusetts by 15th sept, 2023. This Massachusetts rebate for 2022 is part of a...
Several American states are still considering sending out stimulus checks even as the federal government shelves any plan to help Americans to cope with record increases in prices. High inflation rates in 2022 have led to an unprecedented rise in the prices of goods and services across the spectrum.
Inflation...
The Federal Reserve's efforts to slow the rise in prices may be having some success, as inflation peaked at 9.1 percent in June but dropped to 8.5 percent last month. Millions of Americans still struggle, despite the rising cost of living.
Stimulus Checks have already been put into place in...
It is two years since the pandemic but Social Security recipients and other seniors in the US continue to be hit hard by the record inflation rate. The rise in prices has spiked faster than any increase in benefits. At present some lawmakers have plans to boost the Social...
Within forty-eight hours, millions of American taxpayers will get a one-time direct subsidy of up to ten fifty dollars.
A second batch of card payments holding the funds will be distributed starting on 6th November, according to Californian tax officials.
The cards, which include a one-time payment of two hundred to ten fifty...
The stimulus checks sent by the federal government were not the first payments of this nature. But it was undoubted the biggest and for the first time, three rounds were sent out by the federal administration as it desperately tried to keep the economy on an even keel and...
The COVID-19 recession was nothing normal and coupled with state-issued lockdowns, put the economy into a contraction. More than 22 million workers faced unemployment.
The unprecedented nature of this crisis called for economic aid in the form of stimulus checks. This included unemployment benefits and even a forgivable small-business loan...
According to the latest sources, GameStop shares are on the rise again, thanks to the favor of Redditors who are vehemently shorting the stocks since Wednesday.
Reports suggest that GameStop shares made a massive jump this Thursday, February 25th. There seems to be a resurgence of Redditors’ interest in the...
In many waves spread out throughout the course of the year, the IRS sent out stimulus checks.
Every eligible adult and kid in the United States got $1,400, benefiting around 175 million people.
In January 2022, the IRS started sending out Letter 6475, EIP 3 Year-End.
This letter is intended to assist...
Through September, the buzz in the Golden State centered around the long-awaited third stimulus check announced by Gov. Gavin Newsom. Around 23 million Californians are finally getting the long-awaited Middle-Class Tax Refunds, nearly 4 months after another round of relief was announced by the state government.
The cashback is the...
With federal stimulus checks on pause, it is the states that are coming up with innovative financial schemes to help Americans tide over the financial crisis that has hit the nation. The support from the states includes a monthly stimulus check worth $500 dubbed an anti-poverty payment, a stimulus...
It has been reported that the residents in the state of Missouri, United States, could be a shoo-in for a $500 stimulus check payment. This would form a part of the new tax rebate plan that is being currently supported by the Senate.
The reasoning behind the stimulus rebate...
What is Bitcoin ? To put it simply, Bitcoin is nothing by cryptocurrency- electronic money. This form of cryptocurrency is completely decentralized and can be transferred from one user to the other using bitcoin blockchain which is peer-to-peer. In fact, bitcoin is completely independent of banks and doesn't need...
The successive stimulus checks from the federal administration helped struggling families during the pandemic and for months afterward as the economic stimulation continued to remain grim. But many of the programs initiated by the government have winded down. The loss of the financial relief that millions of households received...