IRS says new round of COVID relief payments on the way
3 years, 9 months ago

IRS says new round of COVID relief payments on the way

Associated Press  

WASHINGTON — Along with daylight saving time, this weekend could bring some Americans fatter bank balances. “The payments will be delivered automatically to taxpayers even as the IRS continues delivering regular tax refunds,” IRS Commissioner Chuck Rettig said in a statement. Then-President Donald Trump called the payments in the $900 billion relief bill passed in December too small and Biden agreed, pushing the total for an individual up to $1,400 in the new package. Officials said in the interest of speeding up the relief payments, the IRS will use the latest tax return available, either the 2019 return filed last year or the 2020 return that is due by April 15. If a person’s job situation changed last year because of the pandemic, which led to millions of people losing jobs or being forced to work reduced hours, officials said that the IRS will adjust the size of the new impact payments after the 2020 return has been filed and provide a supplemental payment if that is called for.

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History of this topic

Relief For Taxpayers! Govt Announces Tax Exemptions For Covid Treatment, Death - Details Here
3 years, 5 months ago

Relief For Taxpayers! Govt Announces Tax Exemptions For Covid Treatment, Death - Details Here

ABP News  

New Delhi: Extending yet another relief to taxpayers affected during the second wave of Coronavirus, the Central government on Friday announced tax exemption for expenditure on Covid-19 treatment during FY 2019-20 and subsequent years. As per the announcement, the ex-gratia payments received from employers by family members in case of employees' death due to Coronavirus would be exempt from income …

Editorial: The infrastructure deal: Probably necessary, but not nearly sufficient
3 years, 6 months ago

Editorial: The infrastructure deal: Probably necessary, but not nearly sufficient

LA Times  

After weeks of negotiations, Republicans and Democrats in the Senate finally found a way to agree on a $579-billion increase in badly needed infrastructure spending: Stick almost exclusively to traditional road, bridge and rail projects, and find a bogus way to pay for them. By the White House’s estimate, the deal would provide about two-thirds of the roughly $900 billion …

Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend
3 years, 9 months ago

Coronavirus stimulus payments from $US1.9 trillion Biden relief package to hit US bank accounts this weekend

ABC  

Americans will see the first direct deposits from President Joe Biden's $US1.9 trillion COVID-19 relief package hit their bank accounts this weekend, according to Treasury and Internal Revenue Service officials. Key points: The stimulus payments will help 160 million US households A family of four will receive up to $7,200 in stimulus payments Coronavirus kills an average of 1,400 Americans …

Covid Relief Bill: $1,400 stimulus checks could go out as soon as soon as Biden signs bill this week
3 years, 9 months ago

Covid Relief Bill: $1,400 stimulus checks could go out as soon as soon as Biden signs bill this week

Daily Mail  

President Joe Biden said Monday that he was eager to sign the $1.9 trillion COVID-19 relief bill that the House of Representatives is expected to pass Tuesday. Biden made the comment during a visit to a vaccination site at the Washington DC Veterans Affairs Medical Center White House press secretary Jen Psaki said Monday that she didn't know whether President …

Americans can get $1,400 COVID cheques in days, tax experts say
3 years, 9 months ago

Americans can get $1,400 COVID cheques in days, tax experts say

Al Jazeera  

Tax experts say some Americans could receive $1,400 stimulus cheques as early as this week, but changes to the child tax credit present a massive undertaking. With plenty of practice sending coronavirus relief payments to Americans, the US federal government should be able to launch the delivery of $1,400 cheques almost immediately once Congress finalises a new aid bill and …

US Senate narrowly passes $1.9 trillion COVID relief legislation
3 years, 9 months ago

US Senate narrowly passes $1.9 trillion COVID relief legislation

Al Jazeera  

Senate passes amended version of stimulus bill in 50-49 vote, sending it back to the House for approval next week. The United States Senate has narrowly passed an amended version of President Joe Biden’s $1.9 trillion COVID-19 stimulus bill, sending the legislation back to the US House of Representatives for final approval. “President Biden has now got his first major …

US House poised to pass $1.9 trillion COVID-19 relief bill
3 years, 9 months ago

US House poised to pass $1.9 trillion COVID-19 relief bill

Al Jazeera  

The US House of Representatives is poised to approve a $1.9 trillion COVID-19 relief bill on Friday even as Republicans unify in opposition to the measure backed by President Joe Biden. “Clearly, pent-up demand and frustration with the previous administration pushed President Biden to want to get something done quickly in the midst of this virus,” said Bill Hoagland, senior …

Outlook Unclear For $2,000 COVID-19 Relief Payments As Action Shifts To Senate
3 years, 11 months ago

Outlook Unclear For $2,000 COVID-19 Relief Payments As Action Shifts To Senate

NPR  

Outlook Unclear For $2,000 COVID-19 Relief Payments As Action Shifts To Senate Enlarge this image toggle caption Samuel Corum/Getty Images Samuel Corum/Getty Images Updated at 2:34 p.m. ET Democrats and President Trump hectored Senate Republicans on Tuesday to take up legislation passed by the House that would increase direct relief payments to many Americans — but the path ahead remains …

Trump Begrudgingly Signs COVID-19 Relief Bill, Government Spending, Averting Shutdown
3 years, 11 months ago

Trump Begrudgingly Signs COVID-19 Relief Bill, Government Spending, Averting Shutdown

Huff Post  

LOADING ERROR LOADING After throwing the bill into doubt earlier this week, President Donald Trump caved Sunday night and signed the coronavirus relief and federal spending measure, averting a government shutdown and ensuring millions of unemployed Americans get some relief going into the new year. Trump said he wanted to increase direct stimulus payments from $600 to $2,000 ― as …

$900B COVID relief bill passed by Congress, sent to Trump
4 years ago

$900B COVID relief bill passed by Congress, sent to Trump

Associated Press  

WASHINGTON — Congress passed a $900 billion pandemic relief package that would finally deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in COVID-19 cases and deaths. “Anyone who thinks this bill is enough hasn’t heard the desperation in the voices of their constituents, has not looked into the eyes of the …

$900 billion COVID relief bill passed by Congress, sent to Trump
4 years ago

$900 billion COVID relief bill passed by Congress, sent to Trump

Live Mint  

Congress passed a $900 billion pandemic relief package that would finally deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in COVID-19 cases and deaths. “So much needed relief just in time for the holidays.” The $300 per week bonus jobless benefit was half the supplemental federal unemployment benefit provided under the …

US House passes $900 billion Covid relief package
4 years ago

US House passes $900 billion Covid relief package

Live Mint  

The House easily passed a USD 900 billion pandemic relief package Monday night that would finally deliver long-sought cash to businesses and individuals and resources to vaccinate a nation confronting a frightening surge in COVID-19 cases and deaths. Lawmakers tacked on a USD 1.4 trillion catchall spending bill and thousands of pages of other end-of-session business in a massive bundle …

US Congress passes $892bn in COVID relief measures
4 years ago

US Congress passes $892bn in COVID relief measures

Al Jazeera  

The bill provides $3.36bn for vaccine alliance GAVI, which issues the vaccines to people in low-income countries. The COVID-19 relief bill provides $284bn for loans to small business to keep workers employed and $166bn for $600 one-time payments to most US citizens among other measures. House Speaker Nancy Pelosi, the top Democrat in the US Congress, called the bill “a …

Americans to start receiving Covid relief from next week: Treasury Secretary
4 years ago

Americans to start receiving Covid relief from next week: Treasury Secretary

Live Mint  

A new round of pandemic relief cheques for Americans will start going out next week, US Treasury Secretary Steven Mnuchin said Monday. Congressional leaders reached a deal on Sunday on a roughly $900 billion spending package to bolster the U.S. economy amid the continued coronavirus pandemic giving lawmakers a short timetable to review and pass the second largest economic-rescue measure …

Here Is What's In The COVID-19 Relief Package
4 years ago

Here Is What's In The COVID-19 Relief Package

NPR  

Here Is What's In The COVID-19 Relief Package Enlarge this image toggle caption Tasos Katopodis/Getty Images Tasos Katopodis/Getty Images Updated on Dec. 30 at 11:15 a.m. Here are the highlights of what is in COVID-19 relief package that is now law, including $600 relief checks for many Americans, an assortment of aid for small businesses and money to purchase and …

Close but not yet: Deal near on COVID-19 economic aid bill
4 years ago

Close but not yet: Deal near on COVID-19 economic aid bill

Associated Press  

WASHINGTON — Congressional negotiators closed in Wednesday on a $900 billion COVID-19 economic relief package that would deliver additional help to businesses, $300 per week jobless checks, and $600 stimulus payments to most Americans. House lawmakers returned to Washington Wednesday in hopes of a vote soon on the broader package, which would combine the COVID-19 relief with a $1.4 trillion …

Lawmakers say COVID-19 relief bill won’t offer $1,200 checks
4 years ago

Lawmakers say COVID-19 relief bill won’t offer $1,200 checks

Associated Press  

WASHINGTON — With time running out, lawmakers on Sunday closed in on a proposed COVID-19 relief bill that would provide roughly $300 in extra federal weekly unemployment benefits but not another round of $1,200 in direct payments to most Americans, leaving that issue for President-elect Joe Biden to wrestle over with a new Congress next year. “The Democrats have always …

Nearly $1.4 Billion In Coronavirus Relief Payments Sent To Dead People
4 years, 6 months ago

Nearly $1.4 Billion In Coronavirus Relief Payments Sent To Dead People

NPR  

Nearly $1.4 Billion In Coronavirus Relief Payments Sent To Dead People Enlarge this image toggle caption Eric Gay/AP Eric Gay/AP The IRS sent nearly $1.4 billion in coronavirus relief payments to dead Americans, a new report by an independent government agency shows. So far, the IRS has dispersed over 160 million payments — worth nearly $270 billion — to people …

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