The IRS described the 1.24 million figure as “the number of people who either refused to accept, paid back or not cashed the stimulus checks they received from the IRS as a result of the CARES Act that was signed into law on March 27, 2020.”
Another State Wants to Give Out Its Own Stimulus Payment
Earlier this year, Maryland was able to disburse direct payments to individuals who claimed the earned income tax credit on their 2019 state tax returns.
Here s What You Need to Remember: According to the recently released spending rules by the U.S. Department of Treasury, it appears that other states also have the option to offer direct payments to their residents. The guidance on the State and Local Coronavirus Fiscal Recovery Fund includes $350 billion in direct cash funds to states, counties, cities, and tribal governments that have populations of more than fifty thousand.
This State Is Preventing Debt Collectors From Taking Your Stimulus Payment
The stimulus checks cannot be garnished by unpaid federal debts or back taxes, although private debt collectors can collect medical bills, credit card debts, and other debts, providing that is ordered by a court order.
Here s What You Need to Remember: “All relief payments to New Yorkers under these federal acts, including stimulus payments, tax refunds, rebates, and tax credits to support individuals and children qualified for or received prior to the effective date, will be protected,” the governor’s office said in a statement.
Not long after Congress passed the American Rescue Plan in March, some noticed that the law did not have a provision that kept private debt collectors from garnishing the bill’s $1,400 stimulus checks. When the CARES Act passed in early 2020, such garnishments were forbidden.
Fourth Stimulus Check Tracker: Possible $2000 Payment Gets Boost, Other Options Revealed
The proposal for a fourth recurring stimulus check continues, and reports come in that Congress is getting close to its success. Plans have been drafted on how a fourth stimulus check could be delivered to eligible families across the US.
Photo : Bermix Studio/Unpslash
The proposal for a fourth stimulus check continues, and reports come in that the U.S. Congress is getting close to its success. Plans have been drafted on how a fourth and even a fifth stimulus check could be distributed to millions of eligible American families to fight off economic poverty.
Your Stimulus Check Can t Be Taken by Debt Collectors In This State
New York Gov. Andrew Cuomo signed legislation last week that will prevent private debut collectors from garnishing coronavirus stimulus money.
Not long after Congress passed the American Rescue Plan in March, some noticed that the law did not have a provision that kept private debt collectors from garnishing the bill’s $1,400 stimulus checks. When the CARES Act passed in early 2020, such garnishments were forbidden.
The stimulus checks cannot be garnished by unpaid federal debts or back taxes, although private debt collectors can collect medical bills, credit card debts, and other debts, providing that is ordered by a court order.