IRS Disbursed 1 1 Million Additional Stimulus Checks Wednesday alabamanews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alabamanews.net Daily Mail and Mail on Sunday newspapers.
A special data request from the NC Department of Revenue showed that 157,000 families who received Extra Credit Payments in the last round had incomes so low that they were not required to file income taxes. Since the Extra Credit Grant Program has been extended through May 31 and a proposal is on the table to further extend the deadline in the Senate, the Department of Revenue is working with United Way’s network of direct service providers on outreach to increase awareness among low income families.
But for families with very low incomes, it isn’t just access to the Extra Credit Grant Program and ad hoc partnerships that could ensure their access to federal Economic Impact Payments and expansions of the Earned Income Tax Credit (EITC) and Child Tax Credit. A more systemic investment in the infrastructure that can connect people to these programs and a community-driven public awareness effort akin to the efforts around vaccination should be a priority in North Carolina.
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Filing taxes is never easy. And for many Americans, it’s even more complicated this year.
Between mid-season changes to the tax code, multiple stimulus packages, and filing extensions, there are plenty of big-picture challenges. And if you had weeks of pandemic-related unemployment benefits to account for or you bought a house or refinanced in 2020 amid historic low rates, your individual return may be more difficult than usual, too.
Next Stimulus Check Is Here: Americans to Get ‘Plus-Up’ Payments Soon
It may be a while until all recipients see their stimulus check or “plus-up” payment, as the IRS is processing an influx of 2020 tax changes with a smaller staff due to the economic impacts of the pandemic.
The Internal Revenue Service reported last week that the agency disbursed two million more payments in its seventh batch of stimulus relief to eligible Americans under President Joe Biden’s coronavirus rescue package, bringing the total sent out so far to 163 million payments, worth $384 billion, which includes the supplemental, “plus-up” payments.
“Plus-up” payments are for people who had their third stimulus check based on 2019 tax returns but are now eligible for a new or larger payment due to their recently submitted 2020 tax returns. To qualify for a “plus-up” payment, a person’s 2020 income must be lower than their 2019 income. People could also be eligible if a baby or depende