<p><span>Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing nearly 1 million payments in the ninth batch of Economic Impact Payments from the American Rescue Plan.</span></p>
Could Criminals Receive Stimulus Payments? Here s What We Know.
Lawmakers have raised concerns over what happens to the direct payments that go to incarcerated individuals and other convicted criminals.
Here s What You Need to Remember: “That money should automatically be seized and given to victims of crime. That money was given to individuals to stimulate the economy. They can’t stimulate the economy when they are in prison.”
State-level law enforcement officials can redirect the third round of stimulus payments from those convicted of crimes to help cover restitution or debts and fines, according to the Treasury Department.
“To the extent permitted by applicable state and local law, amounts paid in the third round of [economic impact payments] may be subject to garnishment by state governments, local governments, or private creditors, as well as pursuant to a court order (which may include fines related to a crime, administrative court fees, restitution, and other cou
Could a Fourth Round of Stimulus Checks Be on the Way?
That ultimately will depend on Congress.
When asked about the possibility of another round of stimulus checks last week, White House press secretary Jen Psaki responding by saying, We ll see what members of Congress propose, adding that the payments were not free.
The latest round of stimulus checks as part of the $1.9 trillion American Rescue Plan has provided more than $385 billion in $1,400 payments to eligible recipients. Relief payments of $1,200 and $600 were part of the first two stimulus packages.
On Monday, President Joe Biden announced that his administration will be sending relief checks to thousands of restaurants. However, he did not lend any insight as to how likely a fourth stimulus check might be.
Now that we re heading closer to Memorial Day, when exactly are those income tax returns due?
Thanks to the pandemic, it s been another oddball tax season. The original deadline for filing 2020 federal income tax returns would have been April 15 but the ongoing disruptions, including a backlog at the Internal Revenue Service from last year, ultimately necessitated extending the deadline to May 17.
Yes, the deadline is Monday, which, by the way, is two weeks before Memorial Day.
Many people, including those who normally aren t required to file, will want to file a 2020 income tax return.
Some may qualify for extra cash by claiming the Recovery Rebate Credit found on Line 30 of the 1040 or 1040-SR. The credit is essential to claim on the 2020 tax return if you didn t get your stimulus or didn t get all the money you re qualified to receive in the first two rounds of stimulus payments.
Thanks to the pandemic, it s been another oddball tax season.
The original deadline for filing 2020 federal income tax returns would have been April 15 but the ongoing disruptions, including a backlog at the Internal Revenue Service from last year, ultimately forced the agency to extend the deadline to May 17.
Yes, the deadline is Monday. And many people, including those who normally aren t required to file, will want to file a 2020 income tax return.
Some may qualify for extra cash by claiming the Recovery Rebate Credit – found on Line 30 of the 1040 or 1040-SR. The credit is essential to claim on the 2020 tax return if you didn t get your stimulus or didn t get all the money you re qualified to receive in the first two rounds of stimulus payments.