Saturday, January 23, 2021

When, how and why you have to return stimulus money to the IRS - CNET

1. Use a personal check or money order and make the check payable to US Treasury. You'll also need to write 2020 EIP and include the taxpayer identification number or Social Security number of the person whose name is on the check.

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However, if the check is issued in both your name and your deceased spouse's name (and therefore you can't deposit the money), you'll need to return the whole amount to the IRS. After the agency can process the returned payment, it will issue you a new check with the correct amount for you.

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Publisher: CNET
Author: Katie Conner
Twitter: @CNET
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While you're here, how about this:

Money In Your Pocket: A Risky Rising Fad in Stocks 1/22/21 | WSYR

(WSYR-TV) — Trading in penny stocks, stocks that trade for less than a dollar, has increasingly become a trend. Mainly because many brokerage houses have stopped charging trading fees on stocks. And when I say taking off…well look at this chart.

This chart goes back to January of 2019 and you can see, on the far left, the volume of monthly trading in penny stocks. As 2020 progresses, there’s a slight uptick in February, and then varies throughout the rest of the year…until December. There was a huge volume of penny stocks being traded.

Publisher: WSYR
Date: 2021-01-22T12:21:50 00:00
Reference: (Read more) Visit Source



Are you owed money? How to get more money back on your taxes

You might be eligible to get more money back on your taxes this year, especially if you qualified but didn't get one of either stimulus payments.

We are past the cut off for the government sending out stimulus checks, so what do you do if you missed out?

We are getting answers about how stimulus payments and other COVID credits may mean more money for you in 2021.

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"My mom and I both received direct deposit last time and this time it says we are getting it in the mail and it has not arrived in the mail," said Hunsaker. "I think it is messed up. it's not coordinated correctly."

Publisher: KPRC
Date: 2021-01-23T04:58:19.151Z
Author: Amy Davis Andrea Slaydon
Twitter: @KPRC
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How To Kick the Bad Money Habits That Cost You the Most

If your money habits aren't the best right now, first things first, don't beat yourself up — we learn how to handle money from a lot of different sources, starting with our families and extending to our culture. The new year is also an excellent time to start new, healthier habits. What matters is that you do take your finances seriously and stop engaging in bad, or just unconscious, habits that may subtly, or even dramatically, whittle away your cash.

In this article, we'll look at ways ranging from small, daily habits you can curb to more significant habits you should stop or change to improve your financial outlook.

Twitter: @Yahoo
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Quite a lot has been going on:

Don’t Waste Your Money: Car financing denied | ABC27

Bringing home a new car is one of the best feelings in the world. But learning that it’s required to return it because the financing fell through is one of the worst.

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But she is still battling to get her deposit back for a 2009 Chevy she had to return after her financing was denied.

“I got a letter from my supposed creditor, that said this is a denial letter, we can’t do this,” Garland said.

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Publisher: ABC27
Date: 2021-01-23T01:45:20 00:00
Author: Kate Sweigart
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5 Reasons You Worry About Money And How To Stop

Here are five of the most common situations that cause us to worry about money and what to do about them. 

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Most schools don't teach personal finance, so chances are you never had the opportunity to learn how to manage your money the right way. 

That's why it's so easy to hit the panic button whenever the topic of money arises. You know it's important to make the best financial decisions, but you're not sure how. Not feeling confident in your ability to do something that you know is important can be extremely stressful. 

Publisher: Forbes
Date: 2021-01-22
Author: Dani Pascarella
Twitter: @forbes
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Get Rid of Your Money Anxiety in 2021 | Kiplinger

Am I saving enough? Will my family and I have enough? Should I invest more or am I overexposed? What about when I am older? Will I have enough to retire comfortably? Can we afford this vacation?

One of my goals for 2021 is to cultivate a healthier, more balanced relationship between my personal finances and mental wellness. From a financial perspective, I plan to accomplish this by first redefining my "why."

From there, you can create a plan that is compatible with your "why." This is where critical thinking comes into play. There is not a book, a mentor, or financial advisor who can tell you what you truly value in the long run. Whether you want to save for your child's college education, or you want to bootstrap your first business venture, you will benefit from having a plan to help you achieve your financial goals.

Publisher: Kiplinger
Author: Brandon Copeland
Twitter: @Kiplinger
Reference: (Read more) Visit Source



9 ways a third stimulus check may bring you more money - CNET

More stimulus money might be coming your way. Here are all the ways you could see a larger third check.

If Congress approves the proposed amount -- and again, all of this is still in negotiation territory for now -- that could bring a family $500 or $600 more per person you support, based on the per-child allowance outlined in the first and second checks, respectively. It isn't clear if there would be a cap on the number of dependents you could claim in this situation or if new qualifying dependents might quality for more.

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Publisher: CNET
Author: Jessica Dolcourt
Twitter: @CNET
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