Still Haven’t Gotten Your Stimulus Payment? Here’s Why You May Not Get It Until 2021 — or at All.
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:
US Threatens California With Legal Action Over Transgender Sports Law
Politics /
3 hours ago
US Veterans Affairs Will Cut Nearly 30,000 Jobs, Far Fewer Than Planned
News /
3 hours ago
Houston Astros Donate $1M to Help Recovery From Texas Floods
Sports /
3 hours ago
Tucker Carlson Aired Interview With President of Iran
World /
3 hours ago
Madera County Multi-Agency Effort Leads to Arrest of Felony Suspect in Atwater
Crime /
3 hours ago
Fresno Police Arrest DUI Driver During Crackdown on Illegal Street Racing and Sideshows
Crime /
4 hours ago
July 4 Weekend Was No Picnic for Fresno-Area Firefighters. How Bad Did It Get?
Latest /
5 hours ago
Tulare County Seizes 300 Pounds of Illegal Fireworks Over Fourth of July
Crime /
5 hours ago
US Proposes Rules That Could Boost Oil, Gas Output in US West
News /
5 hours ago
Netanyahu Nominates Trump for Nobel Peace Prize
WASHINGTON – Israeli Prime Minister Benjamin Netanyahu on Monday told President Donald Trump he had nominated him for the Nobel Peace ...
World /
2 hours ago
Categories
Latest
Videos

World /
2 hours ago
Netanyahu Nominates Trump for Nobel Peace Prize

World /
2 hours ago
Netanyahu Meets Trump at White House as Israel, Hamas Discuss Ceasefire

Energy /
2 hours ago
Trump Executive Order Seeks End to Wind and Solar Energy Subsidies

Politics /
3 hours ago
US Threatens California With Legal Action Over Transgender Sports Law

News /
3 hours ago
US Veterans Affairs Will Cut Nearly 30,000 Jobs, Far Fewer Than Planned

Sports /
3 hours ago
Houston Astros Donate $1M to Help Recovery From Texas Floods

World /
3 hours ago
Tucker Carlson Aired Interview With President of Iran

Video /
4 days ago