Photo by Krakenimages.com / Shutterstock.com The IRS is in the process of sending out a third round of stimulus checks to support Americans through the ongoing coronavirus crisis. And, in true American fashion, some people are already asking for more. According to back-of-the-envelope math, the federal government has issued 434 …
Read More »Should I Finance a Car or Pay Cash with Stimulus Money?
During the previous round of stimulus checks, almost 9 million Americans used the money to buy a car, and with an even bigger stimulus check fresh in many checking accounts, we can expect a lot of car buying in the upcoming months. The big question that many people will ask …
Read More »7 Common Stimulus Check Myths, Debunked
Photo by pathdoc / Shutterstock.com President Joe Biden only just approved a third round of coronavirus stimulus checks in the American Rescue Plan, but there’s already a lot of confusion around the $ 1,400 payments. Partially because it’s tax time, one of the biggest misconceptions is that the funds will …
Read More »Here’s When — and How — to Expect Your Next Stimulus Check
Photo by l i g h t p o e t / Shutterstock.com Now that President Joe Biden has signed the American Rescue Plan Act — the law that authorizes the third round of stimulus payments — the IRS can start issuing those payments. You could receive your third and …
Read More »6 Ways To Spend Your Third Stimulus Check
After a year of COVID shutdowns and restrictions leading to a general economic slowdown and unemployment for many Americans, the government is making an effort to jumpstart the economy by distributing a third stimulus check to American families, this time even larger than before. The goal? Help people get back …
Read More »Will Stimulus Checks Increase Your Social Security Taxes?
Photo by Pavel Kubarkov / Shutterstock.com Everyone loves a free check. Seeing Uncle Sam suddenly drop money into your savings account is likely to stoke your patriotic spirit. But is there a downside to all that unexpected money? Specifically, if you are a senior, is it possible that the stimulus …
Read More »Why Your Next Stimulus Check Might Be Bigger Than You Expect
Photo by Roman Samborskyi / Shutterstock.com It seems it’s only a matter of time before your next coronavirus stimulus payment arrives, now that the full House of Representatives has passed the $ 1.9 trillion relief package that calls for a third round of direct payments. The 594 pages of legislation, …
Read More »Will You Owe Taxes on Last Year’s Stimulus Payments?
Krakenimages.com / Shutterstock.com Two stimulus payments have arrived electronically in most Americans’ bank accounts — or as checks or debit cards in the mail — over the past year as Uncle Sam’s way of helping us get through the coronavirus pandemic. But now, a lot of people are nervous, wondering …
Read More »How to Track Your Second Stimulus Check
Photo by Goksi / Shutterstock.com Originally published by Sarah Foster on Bankrate.com. For the millions of Americans eligible for a second coronavirus stimulus check, staying on top of your payment will be even more crucial this time around. That’s because the Internal Revenue Service and the Treasury Department have a …
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