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Stimulus Bill Update

The idea now arises as to what Congress will decide concerning the second stimulus check, officially known as “economic impact” and “direct payments.” The Senate first met on Monday and will continue to meet to further work on an additional coronavirus relief package. We do not know whether it is larger or smaller than the…
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When you will receive a second stimulus check and a $4,000 tax credit.

HEROES ACT PROPOSITIONS As things stand right now these are the stimulus propositions, via the heroes act, to be put into placed upon approval with the senate. An additional $1,200 stimulus. Changes to this have been to provide $1,200 for child dependents ($500 in previous stimulus), $500 for adult dependents, and college aged 18-24 would…
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Heroes act

Heroes Act

The house of Representatives has voted to pass the heroes act. Here is everything you need to know that was passed by the house. Additional $1,200 from the Heroes Act The bill provides an additional $1,200 stimulus to every qualifying adult. There are some changes involved with that. For example, under this bill every dependent…
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When to expect to receive your second round of stimulus check funding.

Are you still waiting for your stimulus check to arrive? While most qualified American’s have already received their promised funds, talk of a second stimulus check, for the month of May, has surfaced. Was a $1,200 stimulus enough? Starting mid-April, stimulus checks began being distributed by the Internal Revenue Services (IRS) to aid millions of…
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Someone claimed my dependent what do I do?

Someone claimed my dependent what do I do?

Someone claimed my dependent what do I do? When you miss out on claiming your dependent(s) you are losing out on a $2,000 credit per child and $500 per other dependent. Furthermore, $1,400 of the child credit is refundable. Ex. You have three qualifying children, your tax liability would be reduced by $6,000 dollars just…
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