James Carter Social media sensation: Jan. 19 was the deadline for $2,000 stimulus checks. Political Fact has deemed this statement to be false This is the reason: False claims about $2,000 stimulus checks being delivered on Jan. 19 have been made on Facebook. “$2000 January 19th – … Read more
After a staff shortage during the pandemic, the IRS has hired new employees, but the challenge is still great. Last year’s tax returns have yet to be processed by the IRS. Taxpayers will file millions of returns this year, and the IRS is swamped with … Read more
For example, imagine filing and paying your taxes last year only to receive a letter from the IRS months later that says otherwise. Many taxpayers are finding that out the hard way this year, thanks to IRS automated notices. But don’t freak out if you … Read more
UPDATED: Feb. 12 (UPI) — The U.S. Supreme Court on Thursday Because of concerns about how the IRS plans to protect biometric data after cancelling its contract with ID.me, the agency collected facial recognition data from 7 million taxpayers using ID.me software. Oversight Committee members … Read more
Processing of 2021 tax returns has begun by the Internal Revenue Service. The deadline for submitting tax returns is April 18th. Because of the massive backlog of 2020 tax returns, the IRS has sent out CP80 notices to taxpayers who have already filed their returns. … Read more
In 2022, the average monthly benefit for all Social Security recipients will be $1,657 with the cost of living adjustment (COLA). There’s a lot of nuance that isn’t taken into account here, as is usually the case when using an average for the entire population. … Read more
As the future of Social Security is still up in the air, questions such as “Will Social Security run out?” are being asked. Income from Social Security is expected to exceed expenses this year, according to the 2020 annual report from the board of trustees … Read more
There appears to be no end in sight to the age-old debate about the best time to begin collecting Social Security benefits. The lack of a clear-cut answer is one factor. Even if your friends, family members, or the financial press tell you otherwise, your … Read more
Between 2020 and 2021, the US government distributed three federal stimulus verifications to help millions of low- and middle-income Americans cope with the economic hardships of the coronavirus pandemic. One $1,200 check was issued in April 2020, one $600 check was issued in December 2020, … Read more
Many people dreaded the potential devastation that the Omicron outbreak would cause when it first arrived on American soil in 2021. According to the Motley Fool, many people are concerned about the long-term closure of businesses due to this highly contagious variant of the deadly … Read more