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Gov. Jared Polis announced Monday each Colorado taxpayer will receive a one-time tax refund of $400, or $800 for joint filers due to a record state surplus.
U.S. employers added 266,000 jobs in April and the unemployment rate jumped to 6.1 percent, hiring that unexpectedly crashed well below Wall Street’s expectations of a possible 1,000,000. Is more stimulus needed?
163,000,000 Stimulus Checks Have Gone Out. How To Get One (If You Qualify) The IRS is pushing those who don’t normally file a tax return to do so in order to receive aid from the American Rescue Plan. Congress approved President Joe Biden’s $1.9 trillion coronavirus relief package in March that set aside roughly $422 billion for the third round of stimulus payments. The IRS began sending out the $1,400 payments to eligible Americans shortly after, but nearly two months later, millions of people are still waiting for their check. As of last week, the IRS has pumped out almost 91 perc...
Forbes reported last week that billionaires increased their wealth dramatically since the start of the pandemic. “Total American billionaire wealth stands at $4.6 trillion as of the stock market close on April 28, by our count. That’s up 35% from $3.4 trillion when markets opened on January 1, 2020, just as Covid-19 was beginning to take the world by storm,” Forbes reported. “In other words, U.S. billionaires have gotten about $1.2 trillion richer during the pandemic.” Among those billionaires, Forbes said, the biggest gainer was Tesla CEO Elon Musk, who benefited largely from the d...
Joe Biden's Unofficial $3,600 “Fourth” Stimulus Check Starts July 1 A new $3,000 or $3,600 child tax credit, which is considered by many as being essentially an unofficial “fourth” stimulus check. To date, more than one hundred sixty million coronavirusstimulus checks with a value of $384 billion have been sent out to help struggling Americans under President Joe Biden’s American Rescue Plan. While these payments have surely helped millions keep their heads above water, more attention is now directed at the new $3,000 or $3,600 child tax credit, which is considered by many as being ...