Post by cosyliving on May 14, 2021 12:10:30 GMT
Fourth stimulus check live updates: is a payment coming? IRS tax return deadline, Child Tax Credit
US stimulus checks live updates: Friday 14 May 2021
Headlines:
- Around 165m third stimulus checks distributed so far, according to IRS (full story)
- Latest third-stimulus-check payment run includes 460,000 'plus-up' checks
- Legislation passed in NY protecting stimulus checks from debt collectors
- Automatic stimulus checks considered in Washington (what has White House said about fourth check?
- California Gov. Newsom proposes expanding Golden State Stimulus payment scheme (who would qualify?)
- Californian households with children would receive $500 additional payments (full details)
- Monthly Child Tax Credit payments due to start going out in July (how does CTC differ from stimulus check?)
- IRS deadline for filing federal tax return on Monday 17 May (find out more)
- You can track the status of your third stimulus check by going to the IRS' Get My Payment portal
Take a look at some of our related articles:
CORONAVIRUS STIMULUS CHECKS
What has the White House said about a fourth stimulus check?
US NEWS
$50 stimulus to pay internet bill eligibility: who can get it?
CORONAVIRUS STIMULUS CHECKS
What has the White House said about a fourth stimulus check?
2021 TAX SEASON
Tax Deadline 2021: how to file an extension
Stimulus checks news
Check out AS English's stimulus-checks news section
In our dedicated stimulus-checks news section, you’ll find articles offering news on a possible fourth direct payment, as well as updates on the third round of checks currently going out.
We also have articles providing information on the Golden State Stimulus payments being distributed in California, where Governor Gavin Newsom has proposed expanding the scheme to a greater number of residents of the state.
Take me to the stimulus-checks news section
How stimulus checks impact on the economy
This Vox video uses the analogy of a fish tank to explain how stimulus checks can help an economy - and why some experts have expressed concern that too many direct payments in too short a period could potentially lead to excessive levels of inflation:
Governor Gavin Newsom
Millions of Californians can expect another stimulus check
California had a record budget surplus in 2021, on top of expected federal stimulus money, which has enabled Governor Gavin Newsom to propose his $100 billion covid-19 relief bill for the state. Part of his proposal is “the biggest state tax rebate in American history,” allocating nearly $12 billion to direct payments.
The new tax rebate will include millions who didn’t receive a $600 stimulus check in the previous Golden State Stimulus enacted in February. It’s estimated that around 11 million taxpayers will receive a $600 payment in the latest round of Golden State Stimulus.
Full story
(Photo: Justin Sullivan/AFP)
2021 TAX FILING
Where do I mail my federal tax return?
Tax Day is just around the corner and depending where you live and which tax form you are sending the IRS has different locations to send paper returns.
Find out more
Three House Dems look to raise Child Tax Credit income limit for heads of household
A bill introduced by three progressive House Democrats on Thursday seeks to make it possible for more single parents to claim the full expanded Child Tax Credit.
Katie Porter (D-Calif.), Ayanna Pressley (D-Mass) and Don Beyer (D-Va) have tabled the Single Parent Penalty Elimination Act, which proposes raising the Child Tax Credit income threshold for people who file taxes as heads of household, a tax status commonly used by single parents.
While married joint tax filers who earn up to $150,000 a year qualify for the full Child Tax Credit amount of $3,000 per child aged six to 17 and $3,600 per child aged under six, Americans who file taxes as heads of household are only eligible for the full figure if their annual income is under $112,500.
"There is no single-parent discount for groceries, child care or doctors' bills," Porter said in a statement.
"The child tax credit exists to improve children’s well-being. No child should have fewer opportunities for nutritious food, good housing and quality care because her parents are not married."
Headlines:
- Around 165m third stimulus checks distributed so far, according to IRS (full story)
- Latest third-stimulus-check payment run includes 460,000 'plus-up' checks
- Legislation passed in NY protecting stimulus checks from debt collectors
- Automatic stimulus checks considered in Washington (what has White House said about fourth check?
- California Gov. Newsom proposes expanding Golden State Stimulus payment scheme (who would qualify?)
- Californian households with children would receive $500 additional payments (full details)
- Monthly Child Tax Credit payments due to start going out in July (how does CTC differ from stimulus check?)
- IRS deadline for filing federal tax return on Monday 17 May (find out more)
- You can track the status of your third stimulus check by going to the IRS' Get My Payment portal
Take a look at some of our related articles:
CORONAVIRUS STIMULUS CHECKS
What has the White House said about a fourth stimulus check?
US NEWS
$50 stimulus to pay internet bill eligibility: who can get it?
CORONAVIRUS STIMULUS CHECKS
What has the White House said about a fourth stimulus check?
2021 TAX SEASON
Tax Deadline 2021: how to file an extension
Stimulus checks news
Check out AS English's stimulus-checks news section
In our dedicated stimulus-checks news section, you’ll find articles offering news on a possible fourth direct payment, as well as updates on the third round of checks currently going out.
We also have articles providing information on the Golden State Stimulus payments being distributed in California, where Governor Gavin Newsom has proposed expanding the scheme to a greater number of residents of the state.
Take me to the stimulus-checks news section
How stimulus checks impact on the economy
This Vox video uses the analogy of a fish tank to explain how stimulus checks can help an economy - and why some experts have expressed concern that too many direct payments in too short a period could potentially lead to excessive levels of inflation:
Governor Gavin Newsom
Millions of Californians can expect another stimulus check
California had a record budget surplus in 2021, on top of expected federal stimulus money, which has enabled Governor Gavin Newsom to propose his $100 billion covid-19 relief bill for the state. Part of his proposal is “the biggest state tax rebate in American history,” allocating nearly $12 billion to direct payments.
The new tax rebate will include millions who didn’t receive a $600 stimulus check in the previous Golden State Stimulus enacted in February. It’s estimated that around 11 million taxpayers will receive a $600 payment in the latest round of Golden State Stimulus.
Full story
(Photo: Justin Sullivan/AFP)
2021 TAX FILING
Where do I mail my federal tax return?
Tax Day is just around the corner and depending where you live and which tax form you are sending the IRS has different locations to send paper returns.
Find out more
Three House Dems look to raise Child Tax Credit income limit for heads of household
A bill introduced by three progressive House Democrats on Thursday seeks to make it possible for more single parents to claim the full expanded Child Tax Credit.
Katie Porter (D-Calif.), Ayanna Pressley (D-Mass) and Don Beyer (D-Va) have tabled the Single Parent Penalty Elimination Act, which proposes raising the Child Tax Credit income threshold for people who file taxes as heads of household, a tax status commonly used by single parents.
While married joint tax filers who earn up to $150,000 a year qualify for the full Child Tax Credit amount of $3,000 per child aged six to 17 and $3,600 per child aged under six, Americans who file taxes as heads of household are only eligible for the full figure if their annual income is under $112,500.
"There is no single-parent discount for groceries, child care or doctors' bills," Porter said in a statement.
"The child tax credit exists to improve children’s well-being. No child should have fewer opportunities for nutritious food, good housing and quality care because her parents are not married."