Personal-finance guru Dave Ramsey says people need a $ 1,000 emergency fund. He also says that if a $ 600 or $ 1,400 stimulus check would be a lifeline for you during the current pandemic state of emergency, “you were pretty much screwed already.” The radio host and author argued against …
Read More »The Moneyist: Can my ex-husband file a joint tax return without my consent? He tried to take both my stimulus checks, but I got the better of him
Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a joint tax return, and told me straight out that he does not intend to give me any of our joint tax return, because he said …
Read More »Election: Biden says Democratic wins in Georgia’s runoffs will lead to $2,000 stimulus checks
President-elect Joe Biden and President Donald Trump were campaigning on Monday in Georgia, where two U.S. Senate runoff elections on Tuesday are set to determine the balance of power in Washington. Biden spoke at an afternoon event in Atlanta in support of Democratic challengers Jon Ossoff and Rev. Raphael Warnock, …
Read More »: Stimulus checks are on their way — economists give one important reason why it was good to wait
As the Internal Revenue Service starts cutting a second round of direct relief checks, the waiting may be the hardest part for people who just want their cash — or badly need it to cover basic living costs. The waiting is also a critical part, according to new research from …
Read More »: Another round of stimulus checks could help boost U.S. online holiday sales by $11 billion, Adobe says
More people will shop online this holiday season, sending sales soaring, according to Adobe. (Getty Images) Adobe Analytics forecasts U.S. e-commerce sales to rise by one-third this year, reaching a record $ 189 billion, but that number could hit $ 200 billion if stores shut down again and another round …
Read More »Domestic abusers are taking survivors’ stimulus checks — and lawmakers want the IRS to do something about it
While millions of Americans have saved, spent or invested their stimulus checks, some domestic-violence survivors have found themselves deprived of the financial lifeline and often saddled with the knowledge that their abuser has the money. Now, senators and advocates are pressing the Internal Revenue Service to send replacement checks to …
Read More »: Get ready for a second round of stimulus checks
Senate Majority Leader Mitch McConnell said Monday the next round of stimulus would include another round of direct payments to help American families. Source: Getty Images Democrats and Republicans disagree on many points when it comes to what the next stimulus package should include — but a second round of …
Read More »The Moneyist: My children, aged 10 and 15, each received $1,200 stimulus checks — will the IRS penalize us if we keep them?
Dear Moneyist, I received three direct deposits yesterday for $ 1,200 each for my kids, all of whom are under 17. They are aged 10, 10 and 15. We already received our $ 2,400 stimulus check. My wife is on permanent disability and she receives a Social Security payment monthly …
Read More »With over 35 million people filing for unemployment since March, $1,200 stimulus checks are only a Band-Aid for Americans
More than 130 million stimulus checks are already winding their way to millions of Americans. They’re a key part of the government’s $ 2.2 trillion CARES Act, but furloughed and laid-off workers say a maximum $ 1,200 payment is not nearly enough to see them through what could be an …
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