Dear Quentin, I’m confused. My parents claimed me on their 2019 taxes (which was fine and agreed upon). However, I got married and filed my own 2020 taxes. When the third stimulus checks were released, my parents had not filed their 2020 taxes yet, so they received stimulus money for …
Read More »The Fed: Fed’s Clarida says $1.9 billion stimulus package isn’t inflationary over long-run
The $ 1.9 billion stimulus package recently passed by the U.S. Congress won’t spur persistently higher inflation, said Federal Reserve Vice Chairman Richard Clarida on Thursday. The Fed and other forecasts “do not see this package — over a three-to-five year period — as putting undesirable upward pressure on inflation,” …
Read More »The Moneyist: My husband and his ex-wife agreed that he could claim their kids on his taxes, but now she’s ‘demanding’ half their stimulus
Dear Quentin, My husband received a text from his ex-wife demanding part of the latest stimulus check for their two children. My husband received their stimulus checks for their boys because in their divorce settlement he was granted the ability to claim both boys as dependents on his taxes for …
Read More »The Ratings Game: Starbucks’ upcoming gains from restaurant reopenings and federal stimulus drive analyst upgrade
Starbucks Corp. SBUX, +2.68% was upgraded to buy from neutral at BTIG based on the upcoming benefits from restaurant reopenings and federal stimulus cash that will hit consumer bank accounts. BTIG maintained its $ 130 price target. Analysts note that the re-openings are “faster than expected,” and BTIG expects same-store …
Read More »TaxWatch: Is your income just over the threshold for the $1,400 stimulus check? Tax preparers give tips to help you qualify
Millions of people who received the first two stimulus checks could watch the third round happen without them — if the House of Representative passes the Senate’s version of a $ 1.9 trillion rescue package with tighter payout rules. But the tax code could supply some people on the cut-off …
Read More »Personal Finance Daily: What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic
Happy Tuesday MarketWatchers. Don’t miss these top stories: How these teens are having fun in today’s stock market, and, for the most part, making money They have been trading longer than many adults, and are learning valuable lessons about investing early. MarketWatch speaks to four teenagers who are taking on …
Read More »: Pandemic-related jobless benefits derail $1.9 stimulus debate in Senate
There was drama Friday in the Senate’s vote-a-rama. What Democrats had billed as the last step before Senate passage of the massive $ 1.9 trillion coronavirus economic package — a marathon series of rapid-fire amendment votes called vote-a-rama that was expected to last into Saturday — stalled out early, raising …
Read More »Key Words: Dave Ramsey is against stimulus checks because ‘if $600 or $1,400 changes your life, you were pretty much screwed already’
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 Fed: U.S. economic growth could surpass China this year, and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
Could Democrats be fighting the last war and wasting money on another $ 1.9 trillion economic relief package? Perhaps, if St. Louis Federal Reserve president James Bullard is right. The Fed official thinks the economy is already set for a strong recovery in 2021. It’s possible U.S. economic growth could …
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