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Seniors are encouraged to set up a mySocialSecurity account at SSA.gov to protect their benefits from being hacked by cybercriminals.
It lets users check activity associated with their SS number.
Retirees are also encouraged to call the SSA’s toll-free number at 1800 772-1213 to check if there has been any activity in their account.
Americans that believe they may have been a victim of identity theft should visit IdentityTheft.gov to report it and get a recovery plan.
Should I Hold Off On Filing My 2020 Tax Return And What Happens If The Irs Uses 2019 Tax Information
It likely wont make a difference in the longer term other than to update dependent or payment data, but the IRS will only use your 2020 tax return data to determine eligibility for this round of stimulus checks if they have processed your return . If your 2020 return has not been filed and processing, they will use 2019 tax data for payment.
If your 2020 return is filed and/or processed after the IRS sends you a third stimulus check, but before July 15, 2021 the IRS would send you a second payment or require a repayment for the difference between what your payment should have been if based on your 2020 return and the payment actually sent based on your 2019 return.
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Relief Check: Wheres My Payment
The latest news about these relief checks from Maine is that, on Friday, April 22, the Mills administration set up a website, Maine.gov/reliefchecks. There, people can go to get answers about the payments. Among the key details to know about them is that Maines effort, which Mills proposed and which got near-unanimous approval from the state legislature, is coming out of a state surplus.
The stimulus checks are expected to return half of Maines budget surplus to, as the governors office has said, an estimated 858,000 Maine people grappling with the increased costs as a result of pandemic-driven inflation.
The new website above includes a number of FAQs and answers, such as the fact that those eligible for the relief checks must have a federal adjusted gross income of less than $100,000 if filing single or if married and filing separately $150,000 if filing as head of household or $200,000 for couples filing jointly.
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Is There A Deadline To Get My Third Stimulus Check
If you will be filing a full tax return, you have until the IRS closes their tax filing software on November 20, 2021. After this date, you can still claim the third stimulus check in 2022 by filing your taxes for Tax Year 2021.
If youre not required to file taxes, the deadline to use GetCTC.org is November 15, 2021. You can get the Recovery Rebate Credit using GetCTC.org, a simplified tax filing portal for non-filers. GetCTC is an IRS-approved service created by Code for America in partnership with the White House and U.S. Department of Treasury. You can use the portal even if youre not signing up for the Child Tax Credit advance payments.
Is Another Stimulus Check Coming Soon Heres How Americans Could Get Relief From Rising Gas Prices
Gas prices have slowly fallen since March, when a gallon topped $4.33 on average nationally, according to AAA data. But theyre starting to creep up again, and it could be awhile before Americans start to see prices come down, gas experts told USA TODAY.
Between Monday and Friday, the national average for a gallon of regular gasoline increased by nearly 4 cents to $4.16.
Demand for gas typically is elevated in the summer as more Americans take road trips, which tends to put upward pressure on gas prices. The same is likely going to play out this summer, but the war in Ukraine could cause prices to go even higher.
As for how high, itâs basically impossible to get a good gauge on where weâll be this summer because of the wide range of possibilities, said Patrick De Haan, head of petroleum analysis at fuel savings app GasBuddy.
âIâm very concerned,â said Rep. Ro Khanna D-Calif.
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Stimulus Payments For Non
For Non-filers who havent filed a recent tax return, the IRS is working with relevant federal and state agencies to get the latest payment and dependent data. There is also talk of a new non-filer tool the IRS would roll out to allow payment and dependent detail updates for this payment.
This would also allow updates to flow through for the other expanded Child Tax Credit and Earned Income Tax Credit stimulus payments in the ARP package. Or else the IRS will use payment and dependent details based on previous stimulus payments.
Stimulus Checks Batch Payment Schedule Now Ended
If youre were eligible to receive the stimulus payment and getting it via direct deposit , it will be automatically deposited into the same account used in your most recent, 2019 or 2020, IRS processed tax return.
The payment appeared in your account summary as IRS TREAS 310 XXTAXEIP3 or something similar. Those who dont have bank details on file with the IRS and prefer paper check will get the stimulus checks mailed to them in 2 to 4 weeks. You can always check the IRS Get My Payment tool for the latest status of your payment.
|Stimulus Check Activity|
|Batch 10 and Subsequent Batches||May 14th and then weekly until the end of 2021|
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How To Get A Little More Stimulus Asap
This new round of assistance is narrowly targeted. But if your budget is feeling tight these days because of the pandemic and inflation, or you could just use a little extra spending money, there are several options to help you create your own stimulus.
Deal with your debt. Credit may be convenient, but carrying a balance on your card will eventually bury you in expensive interest. Tackle that problem by folding your balances into a single debt consolidation loan. With a lower interest rate, youll not only slash the cost of your debt, but youll also be able to pay it off faster.
Trade in your mortgage. Almost half the homeowners who have taken advantage of the pandemicâs historically low mortgage rates are now saving $300 a month or more, according to a recent Zillow survey. If you own your home and havenât refinanced in the past year, youâre overdue. Thirty-year mortgage rates are hovering around 3%, so compare multiple refinance offers to see how much you might save.
Save while you shop. If youâre doing more online shopping, a free browser extension can help you find the lowest prices by automatically scanning thousands of retailers.
Turn your pennies into a portfolio. Even if you donât have much money, you can still earn returns from the stock market. Thereâs a popular app that can help you invest your âspare changeâ from everyday purchases to grow a diversified portfolio.
Stimulus Payments 202: Your State Could Still Owe You A Check
South Carolina and Massachusetts are just two of the states issuing payments to taxpayers.
Dan is a writer on CNET’s How-To team. His byline has appeared in Newsweek, NBC News, The New York Times, Architectural Digest, The Daily Mail and elsewhere. He is a crossword junkie and is interested in the intersection of tech and marginalized communities.
As the holidays roll in, we could all use some extra money. South Carolina has started issuing for up to $800 to eligible taxpayers. The income tax rebates were approved by state lawmakers as part of this year’s $8.4 billion budget, according to the state Department of Revenue, and payments will continue to go out through December.
South Carolina isn’t the only state issuing residents tax refunds, though: Illinois is still sending out $50 and $100 rebates and Massachusetts began returning $3 billion in surplus tax revenue this month.
Your state could be sending out a rebate or stimulus check, too. Below, see if you qualify and how much you could be owed. For more on taxes, see if you qualify for additional stimulus or child tax credit money.
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Expect Delays Especially If You Had Previous Payment Issues
Like the previous round of stimulus/economic impact payments, there will likely be payment issues given the expanded eligibility and dependent groups now able to get this payment . Also if you had issues in the past, and I know many are still waiting for the prior payments or had to claim them as a recovery rebate credit, expect some delays with the coming round of payments.
The good news is that the weekly batches will keep happening till the end of the year as the IRS aims to make payments to all eligible recipients . They are also actively sending payments to individuals for whom information was not earlier available but who recently e-filed a tax return.
Irs Sending Letters To Over 9 Million Potentially Eligible Families Who Did Not Claim Stimulus Payments Eitc Child Tax Credit And Other Benefits Free File To Stay Open Until Nov 17
IR-2022-178, October 13, 2022
WASHINGTON Starting this week, the Internal Revenue Service is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the Earned Income Tax Credit and other tax credits depending on their personal and family situation.
The special reminder letters, which will be arriving in mailboxes over the next few weeks, are being sent to people who appear to qualify for the Child Tax Credit , Recovery Rebate Credit or Earned Income Tax Credit but haven’t yet filed a 2021 return to claim them. The letter, printed in both English and Spanish, provides a brief overview of each of these three credits.
“The IRS wants to remind potentially eligible people, especially families, that they may qualify for these valuable tax credits,” said IRS Commissioner Chuck Rettig. “We encourage people who haven’t filed a tax return yet for 2021 to review these options. Even if they aren’t required to file a tax return, they may still qualify for several important credits. We don’t want people to overlook these tax credits, and the letters will remind people of their potential eligibility and steps they can take.”
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Some Homeowners Are Also Entitled To Financial Relief
Some homeowners could also get financial help this month. This could come from the Homeowner Assistance Fund . The American Rescue Plan Act set aside almost $10 billion for homeowner relief, and more than 40 states have now set up HAF programs to facilitate the distribution of the funds. The funds will be distributed to the states by the Treasury Department.
Money from HAF can be used to help with mortgage payments, home insurance costs, utility expenses, or other “specified purposes.” Those who are interested can check the Homeowner Assistance Fund website to find out if they are eligible and to learn how to apply for funding.
Between these state programs and HAF, millions could soon be entitled to money from the government to help them cope with the ongoing financial consequences of the COVID-19 pandemic. Be sure you understand how to claim your payments if you could be entitled to this important financial relief.
When Could The Stimulus Payments Start
Following approval of the bill on March 11th, millions of Americans will start seeing the third stimulus payments by mid-to-late March 2021 per the estimated IRS payment schedule and official Biden administration guidance. Comments below confirm these are going out now. You can also check the IRS Get May Payment tool for the latest status of your payment. See payment FAQs from the second round of payments, which will also apply for the most part this time around.
Due to the fact that payments are going out in the middle of tax season it may be very hard to get a hold of someone in the IRS to help with payment issues and you will likely have to wait until after April 15th to follow up on issues.
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How To Claim Your Cash
Eligible Americans will be able to request a Recovery Rebate Credit at tax time to get their money they are owed from the IRS.
To be eligible for the full amount on the third round of checks, individuals need to have an adjusted gross income of $75,000 or less and married couples filing jointly need to have an AGI of $150,000 or less.
Those who qualify will be able to claim the child on your 2021 tax return – which will be filed in 2022.
Where Is My 2nd Stimulus Check
Americans may check the status of their payments at https://www.irs.gov/coronavirus/get-my-payment, much as with the first round of stimulus cheques under the CARES Act. The Get My Payment service, which was reopened on Monday, will let you know whether the IRS has issued both your first payment and your second stimulus check.
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State Treasurer’s Office Covid
CARES Act Update The state receives its second payment of CARES Act relief funds in the amount of $906,880,279, completing the $1.9 billion allocated for South Carolina.
Maintaining Good Financial Habits in a Time of COVID-19 Treasurer Loftis shares important steps to take during this time to ensure peace of mind and financial well-being.
CARES Act Update A partial payment of $998,234,321 in CARES Act relief funds is received by the State Treasurers Office, properly accounted for and prudently invested pursuant to state law.
Notice of Direct Mail Effective March 30, 2020 Guidance related to the direct mailing of all vendor and payroll checks to payees.
Irs Reminders For Missing Payments
As part of its directive the IRS has started letters/notices to those who appear to qualify for a variety of the government tax credits and stimulus checks, but have yet to claim them by filing an applicable tax year return.
The IRS estimates nearly 9 million households may be eligible to claim some or all of the RRC/economic impact payments , expanded child tax credits and Earned Income Tax Credits .
The is one IRS letter you should be happy to receive and will require action to claim one or more of these free government tax credits or payments.
Many of these potential claimants would not normally need to file a tax return, as their earned income could be too low for filing, but many of the expanded benefits over the last year dont require any minimum income thresholds to get them.
Those earning less than $73,000 can also can also file for free under the IRS Free File program, which will remain open this year, until November 17, 2022. By doing so they will be able to claim one or more of the credits above at no additional cost to themselves.
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How Much Will Patients Have To Pay For The Covid
The CARES Act ensures that the vaccine itself and its administration is free to beneficiaries through their Medicare Part B plans or through their Medicare Advantage when they receive the vaccine from an in- network provider.
Additionally, the Families First Coronavirus Act requires all private insurance plans to cover coronavirus testing without deductibles, coinsurance, or co-pays. That bill also prohibits plans from using tools like prior authorization to limit access to testing. And the CARES Act ensures that the policy covers all tests that meet the appropriate standards. Insurers also have to cover fees for visits to the ER, an urgent care center, or a doctors office associated with getting a test without cost sharing.
Additionally, the Affordable Care Act requires preventive services and vaccines to be covered by private insurance without cost-sharing.
Stimulus Update : These States Are Sending Out Payments In October
Although the federal government will not be issuing another stimulus check, several states, including California, Georgia and Virginia, are preparing to send out inflation relief payments in October 2022. AP
Several states are preparing to send out direct payments to their residents to provide inflation relief as Americans struggle to pay the rising costs of food, gas and housing.
Here are the states that will be sending out stimulus payments to their residents as soon as this month.
Starting in October, millions of middle class Californians will receive checks of up to $1,050 either by direct deposit or through the mail in the form of a debit card.
The state expects 95% of the payments to be disbursed before the end of the year, with the remainder of payments reportedly being sent out by Jan. 15, 2023.
In May, Delaware began sending relief rebate payments of $300 to taxpayers who filed a return in 2020 due to a budget surplus.
Most Delaware residents received these payments in May, and couples filing jointly can get $300 each. The state government is continuing to send these payments out throughout the fall.
Residents can check the status of their rebate online here.
Gov. Brian Kemp signed legislation to give out rebate payments of $250 for single filers, $375 for heads of household and $500 for those filing together.
This stimulus package also came from a budget surplus in the state.
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