.png)
COVID relief checks totaling up to $600 per individual will be mailed today, while payments via direct deposit began yesterday, according to Treasury Secretary Steven Mnuchin, who made the announcement in a couple of tweets yesterday.
Taxpayers whose bank information is on file with the Internal Revenue Service should receive direct deposits by January 4, according to the Wall Street Journal. People who haven’t provided their bank information to the IRS in recent years will receive their payments by mail, either as a paper check or a EIP pre-paid debit card.
Check your payment status
With the IRS’ “Get My Payment” webpage, you can check the status of both the first and second stimulus checks, however, that portal is temporarily offline today—the IRS says that the tool will be available again later this week, so check back then. In the meantime, you can figure out how much money you’ll be entitled to using this COVID relief calculator.
G/O Media may get a commission
How quickly mailed checks will arrive remains to be seen, however, as some people are still waiting for their first relief checks months after the Treasury mailed them out. While it might be too late for this round of checks, if you want to set up a direct deposit with the IRS you can follow these steps. Also, if you’ve recently moved, make sure your new address is on file with USPS and that your mail is forwarding—then change your address with the IRS using Form 8822 here.
Good news for unemployment program recipients
It turns out that President Trump’s late signing of the COVID relief legislation will not affect unemployment benefits for claimants in the Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) programs.
Since the bill was signed so late, it was widely speculated that the benefits would lapse for the week of December 27, but the Department of Labor has clarified that it “does not anticipate that eligible claimants will miss a week of benefits due to the timing of the law’s enactment.” The roughly 14 million Americans that use these programs can expect to receive the full 11 weeks of benefits, through March 14, 2021.
There was also some uncertainty about whether the additional $300 federal top-up on state unemployment benefits would be backdated. The Department of Labor has confirmed that the benefits will run for 11 weeks, beginning December 26, 2020 and ending on or before March 14, 2021.
from Lifehacker https://ift.tt/2KR5XRc
0 comments:
Post a Comment