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Older adults and retired people: Stimulus check rules for income, SSI, veterans, more

A majority of older Americans who qualified for the first stimulus check in 2020 likely also qualify to receive the second payment. Here s everything to know about income, SSI and retirement. ....

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This week in tax: Higher US taxes possible as Democrats take Senate

This week in tax: Higher US taxes possible as Democrats take Senate
The first week of January has been busy for businesses trying to get to grips with the new UK-EU trade agreement, while the Georgia election result potentially clears the way for the Biden tax plan.
January 08 2021
If tax changes are forthcoming in the US, these will come via the House Ways and Means Committee and Senate Finance Committee
In the US, President-elect Joe Biden is preparing to take office on January 20 with a slim majority in Congress. This week, Democratic wins in Georgia means Biden can govern will a slight congressional majority in the House of Representatives and Senate. However, this will not make it easy for the 46 ....

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IRS starts challenging year with new round of stimulus payments

By Naomi Jagoda - 01/06/21 06:00 AM EST

The IRS is kicking off a busy and challenging year by sending out the second round of stimulus payments to tens of millions of Americans.
The agency has already distributed many of the $600 payments just a week after President Trump
Still, the IRS will face challenges in ensuring every eligible American receives their payment. That task comes alongside implementing other tax-related provisions from the $900 billion relief package.
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The new responsibilities come just weeks before the start of what’s expected to be a chaotic tax-filing season due to all the abnormalities in 2020 stemming from the pandemic. ....

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Stimulus checks for older adults over 65 or those retired: Everything to know

Stimulus checks for older adults over 65 or those retired: Everything to know
cnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnet.com Daily Mail and Mail on Sunday newspapers.

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The Fate Of Local Budgets Without Enough Money In The Relief Bill

ARI SHAPIRO, HOST:
While members of Congress were fighting over the relief bill, mayors and governors from across the U.S. were lobbying hard. Their message - if lawmakers don t include money for state and local governments, it s going to mean deep cuts to services that people count on. Well, the bill that President Trump signed into law this week does not include most of the cash that cities and states were hoping for. Here was New York Governor Andrew Cuomo, a Democrat, at a press conference a couple of weeks ago.
(SOUNDBITE OF ARCHIVED RECORDING)
ANDREW CUOMO: We have been talking about this for months, since before the election. And then after the election, people were supposed to put their politics aside and actually do their job. Apparently, that hasn t happened. ....

Tracy Gordon , Brookings Tax Policy Center , Urban Brookings Tax Policy Center , சுவடு கோர்டந் , ப்ரூக்கிங்ஸ் வரி பாலிஸீ மையம் , நகர்ப்புற ப்ரூக்கிங்ஸ் வரி பாலிஸீ மையம் ,