Still Haven’t Gotten Your Stimulus Payment? Here’s Why You May Not Get It Until 2021 — or at All.
By News
Published 4 years ago on
October 5, 2020
Share
[aggregation-styles]
The Washington Post Subscription
The Internal Revenue Service has distributed more than 160 million stimulus payments. That’s good news for the people who needed every penny of that money.
But almost daily I hear from someone still waiting for the relief funds. And for many, the news is bad. They will likely have to wait until 2021 to get their stimulus payments, or because of timing not get any money.
The Coronavirus Aid, Relief, and Economic Security Act (Cares Act) provides economic impact payments or stimulus payments of up to $1,200 for individuals and up to $2,400 for taxpayers filing a joint tax return. The law also includes an extra $500 for each child who was under 17 at the end of 2019.
Unless Congress can agree on additional stimulus funding to help those struggling because of covid-19, the only economic relief people can expect is the money they are still waiting for under the Cares Act.
Read More →
The Washington Post Subscription
The Internal Revenue Service has distributed more than 160 million stimulus payments. That’s good news for the people who needed every penny of that money.
But almost daily I hear from someone still waiting for the relief funds. And for many, the news is bad. They will likely have to wait until 2021 to get their stimulus payments, or because of timing not get any money.
The Coronavirus Aid, Relief, and Economic Security Act (Cares Act) provides economic impact payments or stimulus payments of up to $1,200 for individuals and up to $2,400 for taxpayers filing a joint tax return. The law also includes an extra $500 for each child who was under 17 at the end of 2019.
Unless Congress can agree on additional stimulus funding to help those struggling because of covid-19, the only economic relief people can expect is the money they are still waiting for under the Cares Act.
Read More →
By Michelle Singletary | 5 Oct 2020
RELATED TOPICS:
Slumping California Risks Losing World’s ‘5th Largest Economy’ Title
Economy /
12 hours ago
Ukraine Uses Long-Range Missiles Secretly Provided by US to Hit Russian-Held Areas, Officials Say
World /
14 hours ago
Boxing Star Ryan Garcia Wants to Meet Netanyahu, Pledges Aid for Gaza Children
Sports /
16 hours ago
Legislation Pandering to Tribal Casinos Is a Bad Bet for Fresno Cardroom Employees
Opinion /
17 hours ago
About 1 in 4 US Adults Over 50 Say They Expect to Never Retire, an AARP Study Finds
Economy /
17 hours ago
Biden Signs a $95 Billion War Aid Measure With Assistance for Ukraine, Israel and Taiwan
National /
17 hours ago
Latest
Videos
World /
11 hours ago
Police Tangle With Students in Texas and California as Wave of Campus Protest Against Gaza War Grows
Economy /
12 hours ago
Slumping California Risks Losing World’s ‘5th Largest Economy’ Title
World /
14 hours ago
Ukraine Uses Long-Range Missiles Secretly Provided by US to Hit Russian-Held Areas, Officials Say
Sports /
16 hours ago