NoDerog | iStock | Getty Images Millions of Americans have received their economic stimulus payments of up to $1,200 a person. But some are taking a look at those sums and wondering what happened. Some are finding that those checks are made out for less than they were expecting. Others may find that they receive
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fabio camandona Retirees are feeling the pinch from Covid-19. The financial app Personal Capital found that from Jan. 31 to March 31, retirement balances dipped by 10% for people in their 60s. Those in their 70s saw their accounts slip 8.5% during the same period. Retirement in general seems shakier now. In fact, almost 1
Getty Images Taxpayers marooned at home will now be able to submit amended income tax returns to the IRS electronically. The tax agency announced on Thursday that it would begin accepting amended returns via e-file this summer. Once the e-file option becomes available, filers will only be able to amend their 2019 return. Remember, you
Squaredpixels | E+ | Getty Images If you’re like most Americans, you are probably watching Capitol Hill closely to see if new relief legislation will include another round of stimulus checks. To ensure you get that money, you would also be wise to do something else – file your federal tax returns, if you haven’t
It’s not unusual for a person to pass away and leave behind some unpaid debt. For the heirs — typically the surviving spouse or children — the question often is what, exactly, happens to those obligations. The answer: It depends on both the type of debt and the laws of the state. A person’s assets
NEW YORK, UNITED STATES – 2020/05/17: US Senator Chuck Schumer reveals huge increase in coronavirus health and treatment scams while displaying copy of Federal Trade Commission (FTC) letter to one of the scammers at 780 3rd Avenue. Senator Schumer demanded to levy heavy fines on those reckless companies. (Photo by Lev Radin/Pacific Press/LightRocket via Getty
A House bill with bipartisan support would allow 2020 college graduates to postpone their student loan payments for three years without interest accruing. Meanwhile, Sen. Mitt Romney, R-Utah, has introduced legislation in the Senate that would do the same. “Students graduating from college this year are suddenly facing significant hurdles entering the workforce,” Romney said
Certain jobs and industries are benefiting from enhanced unemployment pay more than others — and have the most to gain from an extension of benefits. Workers in lower-paying sectors of the economy, such as accommodation and food services, benefit more from the unemployment increase than those in finance and insurance that pay workers better. And the difference
Medical workers transport a patient outside a special Covid-19 area at Maimonides Medical Center in Brooklyn, New York, on May 17. Johannes Eisele | Getty Images If you’re collecting more on unemployment than what you earned while working, it could affect how much you pay for health insurance. For households that bought coverage through one
Audrey Saracco / EyeEm Millions of $1,200 stimulus payments have been sent out to Americans. But some recipients of Social Security or other government benefits are still asking, “Where is my money?” The stimulus checks were authorized by Congress as part of the $2 trillion CARES Act aimed at helping to reinvigorate the U.S. economy