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Child Tax Credit payment recipients should keep eye out for IRS letter

Child Tax Credit payment recipients should keep eye out for IRS letter
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Time to dip into Rainy Day Fund


Dec 21, 2020
Dec 21, 2020
Many households keep an emergency fund for those “just in case” times. On the days when your car dies, your furnace stops or the air conditioning quits, you’re glad to have a reserve for the unexpected financial burden. Battling a worldwide health pandemic has become the ultimate “just in case” time for many Marylanders and our state’s Rainy Day Fund.
For months, I have urged Governor Hogan to use the fund of more than $1 billion to help Marylanders who are struggling, and our employers keep our families receiving paychecks. Using the Rainy Day Fund could help prevent evictions and foreclosures and provide cash assistance for basic necessities until a second federal government stimulus package passes. Tapping into these resources along with half-billion revenue fund balance and the remaining CARES Act federal dollars would ensure these families and small businesses survive the long, cold winter. ....

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