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90 million stimulus checks totaling $242 billion have been disbursed
Read full article: 90 million stimulus checks totaling $242 billion have been disbursedHow to track your stimulus paymentThe first batch of stimulus payments has gone out. About 90 million payments have been disbursed so far. In all, about $242 billion has been paid. AdIndividuals earning under $75,000 and married couples making less than $150,000 get the full amount of $1,400 each. You can check the status of your payment by clicking or tapping here.
IRS mailing 50,000 checks after error in the rush to send out stimulus payments
Read full article: IRS mailing 50,000 checks after error in the rush to send out stimulus paymentsThe IRS is sending out catch-up economic impact payment checks to roughly 50,000 people. This after an error occurred in the rush to send out stimulus payments earlier this year. The IRS says 50,000 individuals had their part of the economic impact payment diverted to pay their spouse’s past-due child support. The agency identified the error and is set to issue the catch-up payments in early-to-mid-September. The IRS will issue the missing portion of the EIP automatically.
Here’s how many Floridians have received their coronavirus stimulus checks so far
Read full article: Here’s how many Floridians have received their coronavirus stimulus checks so farThus far, 88.1 million of the 150 million payments have been issued nationwide. [Click here to update your payment information with the IRS]Of those, 6,348,503 payments were in Florida totaling in at $11,067,476,416. “The IRS, Treasury and partner agencies are working non-stop to get these payments out in record time to Americans who need them,” IRS Commissioner Chuck Rettig said. “Tens of millions of people across the country are receiving these payments, and millions more are on the way. To keep up with the latest news on the pandemic, subscribe to News 6′s coronavirus newsletter or go to ClickOrlando.com/coronavirus.
Your stimulus check could be delayed if you used tax preparation company, reports say
Read full article: Your stimulus check could be delayed if you used tax preparation company, reports sayMillions of Americans started receiving their government stimulus checks this week, but some found out their money had been deposited into the wrong account. For individuals who used a tax preparation company to file their taxes, their money was likely deposited into that company’s bank account instead of the individual’s account, according to Fox 5. Customers have flocked to tax preparation company offices around the county, according to Fox 5, but those companies say the problem rests with the IRS. News 6 has received several messages from viewers complaining their money was put into the wrong account and each one responded they too had used a tax preparation company to file their taxes and are likely facing this same scenario. It’s unclear when the stimulus checks will be redistributed to people who used tax preparation companies and are facing this issue of missing money.
IRS sends $1,200 stimulus checks to dead people, reports say
Read full article: IRS sends $1,200 stimulus checks to dead people, reports sayTo help with the economic downturn during the coronavirus pandemic, millions of Americans have started receiving their government stimulus checks, even some who are deceased and cannot even spend the money, according to MarketWatch. [Click here to check the status of your stimulus payment]As the stimulus money hit bank accounts across the country, reports started surfacing that deceased individuals had also received checks from the IRS. “There is nothing that the IRS has that is preventing someone who is deceased from receiving this money,” said Markowitz. According to MarketWatch, the IRS determines eligibility and check amounts based on the adjusted gross income on a household’s 2019 tax return, which is now due July 15. If the IRS doesn’t have someone’s 2019 return yet, it moves to the 2018 return to determine the stimulus check.
Use this new tool to track the status of your coronavirus stimulus check
Read full article: Use this new tool to track the status of your coronavirus stimulus checkCoronavirus stimulus checks are on their way and millions of Americans are anxiously awaiting the money while checking their bank accounts for signs of the money being deposited. If you’re included in those still waiting, the IRS has launched an online tool to let you track the status of your stimulus check. The Get My Payment tool will allow you to check your payment status, payment type and also learn if the IRS needs more information from you, including your bank account information. [Click here to check the status of your stimulus payment]Direct deposit is the preferred method for the government to issue the money, but paper checks will be mailed eventually as well. Anyone earning $75,000 or less will receive $1,200 as a direct deposit into their bank account, distributed by the IRS.
80 million to get coronavirus stimulus payments this week
Read full article: 80 million to get coronavirus stimulus payments this weekAn estimated 80 million people will get their stimulus payments via direct deposit this week, CNN reported, citing the Treasury Department. The first eligible are those who have filed their 2018 or 2019 tax returns and have also authorized a direct deposit. [RELATED: Will people on Social Security receive money? | Send money to PayPal account]Others, including those who haven’t filed returns, haven’t authorized direct deposit, or don’t receive Social Security, will have to wait longer for their payments. The money is part of a $2.2 trillion rescue package passed by Congress in March amid the coronavirus pandemic.
Stimulus checks: Many Americans to receive first payments today
Read full article: Stimulus checks: Many Americans to receive first payments todayMillions of Americans should receive as much as $1,200, as the first wave of payouts begins. [RELATED: Will people on Social Security receive coronavirus stimulus money?] They should start receiving their checks after April 24, when about $30 million in paper checks are scheduled to be mailed out. The money will all come from the $2.2 trillion coronavirus stimulus package, which aims to help individuals and small businesses with the struggles caused by the pandemic. Majority Leader Mitch McConnell wanted to fast-track Trump’s request, but Democrats refused to provide unanimous consent.