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CNN – About 80 million people were sent their stimulus payments this week -- but if you weren't one of them, it doesn't mean you won't get the money.
The Internal Revenue Service started by sending money to the people it could reach the fastest . This was anyone who had direct deposit information already on file with the agency because they were due a refund on either their 2018 or 2019 federal tax returns.
Others, like Social Security and Supplemental Security Income recipients , should receive the payments automatically soon, the IRS said this week.
And here's another article:
3 Money Mistakes I've Made (and You Can Avoid) | Smart Change: Personal Finance | mtstandard.com
A lot of effort is made to encourage Americans to buy stuff on credit, so it's easy to make these mistakes. But hopefully you can learn from the things I did wrong and avoid similar issues.
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When I first got married, my husband and I were really eager to buy a house. So eager that we did so with just a 10% down payment. And we did this shortly before property values fell dramatically in Florida during the 2008 financial crisis.
For years, we were stuck with paying private mortgage insurance, which meant we wasted thousands of dollars we could have used for other things.
Texas unemployment money running low, which could lead to tax hike | The Texas Tribune
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Texas is running out of money to pay the growing number of people lining up for unemployment relief, economic experts say.
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But if you're an employer, you might see taxes hike in the future because the state will have to borrow federal money to plug the hole.
More than 1 million Texans lost their jobs and filed claims from March 15 to April 11 as a result of the coronavirus pandemic. The Texas Workforce Commission has paid out more than $400 million in benefits so far and is expected to pay hundreds of millions more based on the mounting claims filed.
Your Money: Why you might be afraid to spend your stimulus check - Reuters
NEW YORK (Reuters) - If you got your stimulus payment this week from the IRS and it is still in your account, are you afraid to spend it?
If you are lucky enough to not to need the money right away, it may just sit there staring at you from your balance sheet. There are all sorts of suggestions for ways to make use of it: buy gift cards from local businesses, prepay your mortgage or fund a Roth IRA contribution - but that may not encourage you to budge.
While you're here, how about this:
Smart moves for your CARES Act money | WTOP
Despite some glitches, coronavirus relief money has started arriving in the bank accounts of those who qualify.
The federal CARES Act provides one-time payments of $1,200 for adults earning up to $75,000 and $2,400 for couples earning up to $150,000, along with payments of $500 per child.
Still, those scenarios are reserved for more fortunate individuals. Generally speaking, "people are really worried, and they want this money, and they're really feeling financially insecure," Schlesinger said.
$2,000 Per Month: What is the coronavirus Emergency Money Act and who would get the payments?
Even as Americans are getting $1,200 stimulus checks, House Democrats are proposing a $2,000 a month payment for most Americans over the age of 16 for the duration of the coronavirus pandemic.
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Democrats Rep. Tim Ryan (Ohio) and Rep. Ro Khanna (Calif.) introduced the bill on Tuesday that would give Americans $2,000 a month until employment returns to the level it was before the economy was hit with shutdowns because of the COVID-19 virus.
The PPP Is Out of Money. Here's Plan B | Inc.com
Note: This article was updated at 9:34 a.m. EDT on April 17 to reflect the changing timeline of PPP fund renewal.
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Businesses that don't meet the requirements of the Main Street program should stay apprised of the status of the PPP, which is expected to soon win congressional approval for new funding.
Unemployment Money Not Reaching Millions Of People Who Applied : NPR
"It's really intense and it's really frightening," says Nicolena Loshonkohl in Roanoke, Va. She's a single mom with a 2-year-old daughter and lost her job at a hair salon a month ago. Loshonkohl is still waiting on the bulk of her unemployment benefits to start. Courtesy of Nicolena Loshonkohl hide caption
But, by one estimate , that money is still not flowing to about half of those people who desperately need it. And others are only getting a trickle of what they should be receiving.
Happening on Twitter
5 reasons you may not have received your stimulus payment yet https://t.co/cEiEr8645w KTLA (from Los Angeles, CA) Fri Apr 17 13:24:53 +0000 2020
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