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Keyword: coronacash

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  • Social Security Beneficiaries: You Might Need to Act Now to Get Your Stimulus Check

    04/21/2020 10:39:13 PM PDT · by Texan4Life · 14 replies
    The Motley Fool ^ | 4/21/2020 | Matthew Frankel
    Most Social Security recipients will be paid automatically, but there are some big exceptions. The U.S. Treasury Department recently announced that Social Security beneficiaries who aren't typically required to file a tax return won't need to take any special action to get a $1,200 stimulus payment. Because of this, most Social Security beneficiaries don't have to take any special action -- the payment will be automatically paid in the same manner as their Social Security benefits. On the other hand, there are some Social Security recipients who may still need to take action, especially if they want to maximize the...
  • IRS rolls out 'Get My Payment' page to check status of stimulus checks

    04/15/2020 7:55:49 AM PDT · by Bruiser 10 · 83 replies
    UPI ^ | 15 April 20 | Don Jacobson
    April 15 (UPI) -- The IRS rolled out a new tool Wednesday that allows Americans to check the status of their stimulus payments, and tens of millions are expected to have their money by the end of the day. The agency launched the "Get My Payment" web page, where Americans can track their payments by entering tax return information for either 2018 or 2019. The U.S. Treasury began depositing the payments electronically last Friday. The first recipients are eligible U.S. taxpayers who filed a tax return for either of the last two years. For those, the funds will automatically appear...
  • Coronavirus Stimulus Checks: What To Do If You Haven't Received Money Yet

    04/14/2020 4:32:59 PM PDT · by blam · 39 replies
    Yahoo Money ^ | 4-14-2020 | Denitsa Tsekova
    Over 80 million Americans are expected to receive a stimulus check by the end of this week as part of the first wave of payments, the Treasury Department said this week. The Department expects “a large majority of eligible Americans” will get their payments in the next two weeks. While some have received theirs already, those who are still waiting for one will soon be able to track it online. Americans will also be able to provide the Internal Revenue Service with their direct deposit information if it’s not on file with the agency. “If you do not receive them...
  • Some Americans should start receiving coronavirus relief checks today

    04/10/2020 5:58:12 AM PDT · by airdalechief · 42 replies
    NY Post ^ | April 9, 2020 | Emily Jacobs
    Millions of Americans should receive their $1,200 relief payments beginning Thursday, as the first wave of payouts for citizens impacted by coronavirus begins.
  • What's in the CARES Act? Part One - Individual Tax Provisions

    03/29/2020 8:24:29 AM PDT · by texas booster · 27 replies
    ISU Center for Agricultural Law and Taxation ^ | March 27, 2020 | Kristine A. Tidgren
    Rebates for Individuals (§ 2201)The most wide-reaching provision in the law provides “2020 recovery rebates for individuals.” These rebates, which are characterized as credits against 2020 taxable income, will be issued in the amount of $1,200 for “eligible individuals” or $2,400 for “eligible individuals” filing a joint return. In addition, “eligible individuals” will receive $500 for each “qualifying child,” as defined by IRC § 24(c), for purposes of the child tax credit. This generally includes dependent children under the age of 17 for whom the individual has a social security number. “Eligible individuals” include “any individual” except for: Nonresident alien...
  • Coronavirus: Trump signs into law largest bailout in US history

    03/27/2020 2:38:24 PM PDT · by Berlin_Freeper · 33 replies ^ | March 27, 2020 | BBC
    President Trump has signed the largest-ever US financial stimulus package, worth $2tn (£1.7tn), as the country grapples with the coronavirus pandemic. The House of Representatives passed the cross-party bill two days after the Senate debated its provisions. On Wednesday the number of Americans filing for unemployment surged to a record high of 3.3 million people. The US has more confirmed cases of coronavirus than any other country, with more than 97,000 positive tests. No Democratic lawmakers were invited to the historic signing ceremony, which was held at the White House.
  • President Trump Signs Coronavirus Economic Relief Bill

    03/27/2020 12:56:06 PM PDT · by Artemis Webb · 85 replies
    C-span ^ | 3/27/20 | C-span
    President Trump signs into law the bipartisan $2 trillion coronavirus economic aid bill.
  • House Passes $2 Trillion Emergency Relief Bill by Voice Vote After Hostile Debate

    03/27/2020 11:04:05 AM PDT · by jazusamo · 175 replies ^ | March 27, 2020 | Cortney O'Brien
    The CARES Act, the $2 trillion coronavirus emergency relief bill that serves as Phase Three of Congress's coronavirus relief efforts, has passed the House of Representatives. It is the largest stimulus package in U.S. history and aims to provide funding for hospitals, and targeted relief for small businesses. The successful vote comes after hours of cantankerous debate, in which one unhinged Democratic representative was ruled " out of order " on the House floor. Once the measure finally passed, the entire House erupted - in a positive way. Lisa Desjardins ✔@LisaDNews WOW and just like that, the motion is adopted....
  • $2 trillion in debt-financed coronavirus relief will cost future generations dearly

    03/26/2020 8:43:43 AM PDT · by Steve1999 · 34 replies
    Washington Examiner ^ | 03-26-20 | Brad Polumbo
    It makes sense that the federal government is stepping in to provide financial relief to the millions of citizens facing economic ruin due to the coronavirus crisis and subsequent government restrictions on activity. But what’s unconscionable is the fact that, thanks to the way Congress spent the last decade ignoring any sense of fiscal responsibility, coronavirus relief must come at the cost of further indebting future generations and dimming the outlook of our financial future. It’s not the $2 trillion price tag on the coronavirus relief bill, passed Wednesday evening by the Senate, that does this in and of itself....
  • Good News: Relief Bill Saves Kennedy Center For Performing Arts From COVID-19

    03/25/2020 10:43:12 PM PDT · by Helicondelta · 96 replies
    Rachel Bovard ^ | 3/26/2020
  • Here's how much money you're set to receive under the $2 trillion aid package

    03/25/2020 1:42:00 PM PDT · by artichokegrower · 156 replies
    San Francisco Chronicle ^ | March 25, 2020 | Katie Dowd
    Most Americans will be receiving checks from the federal government after President Donald Trump and Congress agreed to a $2 trillion coronavirus relief deal Wednesday. The stimulus is unprecedented in size, and politicians hope it will prevent the country from descending into a recession if a protracted fight against COVID-19 grinds the economy to a halt.
  • White House, Senate strike deal on historic $2T coronavirus relief bill; Pelosi offers tepid endorsement.

    03/25/2020 6:31:53 AM PDT · by carriage_hill · 10 replies
    Fox News ^ | 3.25.2020 | Gregg Re
    White House and Senate leaders reached a historic deal shortly after midnight Wednesday on a massive $2 trillion coronavirus relief package for workers and businesses, and House Speaker Nancy Pelosi offered something of a tepid endorsement of the agreement after previously pushing for her own legislation. The bipartisan breakthrough in the Senate capped days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats. “Ladies and gentleman, we are done," White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. "We have a deal."
  • White House, Senate reach late-night deal on massive $2T coronavirus stimulus package

    03/24/2020 10:29:50 PM PDT · by luvie · 158 replies ^ | 3-25-2020 | Gregg Re
    The White House and Senate leaders reached a breakthrough deal shortly after midnight Wednesday on a massive $2 trillion coronavirus relief package, Fox News has confirmed, capping off days of heated negotiations that had nearly been derailed by last-minute demands from House Democrats. “Ladies and gentleman, we are done," White House legislative affairs director Eric Ueland announced as he left the office of Senate Majority Leader Mitch McConnell, R-Ky., near midnight. "We have a deal."
  • The Trillion-Dollar Bailout May Change Our Politics Forever

    03/21/2020 7:25:06 AM PDT · by Kaslin · 49 replies ^ | March 21, 2020 | Neil Patel
    As members of Congress debate the terms of the trillion-dollar-plus coronavirus relief package for businesses and individuals, they would do well to remember our recent history. Most people in professional Washington hate the populist era we are going through. The populist period exists because Americans already feel like their elected officials are more responsive to large corporate interests than to the individuals who elected them. This played out big-time after the Wall Street bailouts fueled the tea party on the right and Occupy Wall Street on the left. People on the left and right agree that some government assistance...
  • Holy smokes, Trump approval rating pops…

    03/20/2020 11:29:40 AM PDT · by Red Badger · 165 replies ^ | March 20, 2020 2:25 pm | Kane
    According to ABC News, a new Ipsos poll released Friday shows that more Americans approve of Trump’s handling of the coronavirus outbreak than not despite a high number of people saying their lives have been upended. This is a massive jump from what it was last week: In the new poll, 55% of Americans approve of the president’s management of the crisis, compared to 43% who disapprove. Trump’s approval on this issue is up from last week, when the numbers were nearly reversed. Only 43% approved of Trump’s handling of the pandemic and 54% disapproved in last week’s poll. Over...
  • Majority of Americans now say they approve of Trump's handling of coronavirus: poll

    03/20/2020 6:56:28 AM PDT · by yesthatjallen · 44 replies
    The Hill ^ | 03 20 2020 | Marty Johnson
    The majority of Americans now approve of President Trump's handling of the coronavirus pandemic, a change from just one week prior, according to a new Ipsos/ABC News poll.Of those surveyed, 55 percent said that they approved of the president's handling of the situation, while 43 percent said they disapproved. The numbers were basically reversed from one week ago when 54 percent said they disapproved and 43 percent approved. Trump's tone and approach to the outbreak has changed in recent weeks, with the president now appearing at daily briefings at the White House with his coronavirus task force. Trump said this...
  • BREAKING NEWS: Mitch McConnell unveils $1,200 checks for every American earning under $75,000-a-year as part of Republicans' $1 trillion coronavirus bailout plan

    03/19/2020 4:20:12 PM PDT · by Aquamarine · 321 replies
    Daily ^ | March 19, 2020 | Katelyn Caralle, Nicki Schwab
    Senate Majority Leader Mitch McConnell is proposing direct payments of $1,200 per person and $2,400 for couples amid the coronavirus outbreak, according to a copy of the legislation obtained by The Associated Press. The GOP leader was poised to unveil the sweeping response Thursday as Congress raced to draft a $1 trillion measure to shore up for households and the U.S. economy. Among key elements would be the direct payments to Americans, aligned with the Trump administration's push for quick cash aid. Under McConnell's proposal, the minimum payments would be $600, and aid would be phased down at income thresholds...
  • America Will Find A Way

    03/20/2020 3:59:31 AM PDT · by Kaslin · 12 replies ^ | March 20, 2019 | Chris Stigall
    Driving home this week I passed a restaurant near my office in suburban Philadelphia. It was the lunch hour. No cars were in the normally crowded parking lot. Just one lonely tent with their logo and some employees gathered around. I’d forgotten for a second. The governor ordered their dining room closed to customers, just as he ordered all “non-essential” businesses in Pennsylvania to close in the midst of a national pandemic. But that lonely little tent in the parking lot restored some comfort to me during this otherwise surreal time. It was a makeshift drive-through born of necessity at...
  • Trump wants direct payments of $1,000 for adults, $500 for kids in coronavirus stimulus bill, Mnuchin says

    03/19/2020 1:43:44 PM PDT · by Red Badger · 112 replies
    CNBC ^ | Thu, Mar 19 20209:30 AM EDTUpdated 3 hours ago | Kevin Breuninger
    Key Points Treasury Secretary Steven Mnuchin on Thursday laid out details of the Trump administration’s plan to send Americans relief money. The White House is talking to congressional leaders of both parties about a massive stimulus package to blunt the impact of the coronavirus crisis. The proposal includes sending payments directly to Americans totaling $500 billion, broken up into two tranches. “The first one would be $1,000 per person, $500 per child,” Mnuchin said. “So for a family of four, that’s a $3,000 payment. ============================================================================= Treasury Secretary Steven Mnuchin on Thursday laid out details of the Trump administration’s plan to...
  • McConnell says stimulus checks would go to most Americans, as senators eye higher amount

    03/19/2020 12:06:48 PM PDT · by Hojczyk · 126 replies
    Fox News ^ | March 19,2020 | Brooke Singman
    McConnell indicated job status would not be a factor, and that the money would go to unemployed workers and those recently laid off; those still working; and retirees, even if they're already receiving Social Security checks. While officials have indicated the ultra-rich would not be eligible, McConnell said Thursday the checks would still go to everybody "from the middle class on down. Period." How the middle class is defined can be a contentious subject when stimulus checks are on the line. One source told Fox Business Network that the amount would start to reduce for those making $75,000 and above...