Tetra Images | Getty Images Stimulus checks aren’t the only cash infusion hitting U.S. households. On top of those $1,400 direct payments going to most adults, more than 42.5 million tax refunds were issued in the first four weeks of the tax season, which started Feb. 12, according to data released by the IRS on
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Members of the Ohio National Guard at the Mid Ohio Foodbank in Columbus. Due to the ongoing Covid-19 pandemic and rising unemployment, demand placed on food banks around the U.S. has grown rapidly. Matthew Hatcher | SOPA Images | Getty Images The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on
IRS headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and filed their tax returns before legislation passed that made those benefits tax-free. The American Rescue Plan, which was signed into law by President Joe Biden on March 11, made
Marko Geber | DigitalVision | Getty Images The child tax credit payments authorized in the latest Covid relief bill may not be sent monthly and may not even start in July, IRS Commissioner Charles Rettig said. The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on March 11 contained a significant
Getty Images As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The reason: overdue unpaid debts. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, as some looked to change
FatCamera | E+ | Getty Images There already was a child-care crisis in America. Then Covid hit. Child-care centers shut down. Working parents lost care and child-care workers found themselves without jobs. Parents, namely mothers, left jobs or reduced hours to fill the gap. The Biden administration and Congress responded with $39 billion in funding
Valerie Macon | AFP | Getty Images The Social Security Administration ramped up virtual meetings with customers over the past year in response to the Covid-19 pandemic, and that and other changes might be here to stay, according to Commissioner Andrew Saul. “Like many businesses and organizations, the pandemic has forced us to adapt,” Saul
10’000 Hours Millions of Americans will get a tax break on their unemployment benefits this tax season. But certain income rules limit who can qualify. Fortunately, there are a few tax maneuvers involving individual retirement accounts, health savings accounts and write-offs for business equipment that may help workers skirt those restrictions. “There’s a little ray