Update 5/9/22: This program has now been renewed with an additional discounted rate on internet service of 100 mbps to bring down the cost to $30, and then get a $30 subsidy. If you are in area serviced by the 10+ providers on the... Read More →
Tag - stimulus
Stimulus Bill Requires Payment Processors & Businesses To Report Earnings of $600+ on 1099-K Tax Form (e.g. Paypal, Portals, eBay, Uber)
(Seems the final version of the bill DOES have section 9674, so we are on the hook for this after all. Bummer!) Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding... Read More →
[Repost] Stimulus Bill: Congress Adds $300/$600 Tax Deduction For Charitable Contributions In 2021
The new stimulus bill round #2 extends the $300 charitable contribution tax break from 2020 for those who don’t itemize and makes it valid for 2021 as well. You can get up to $300 deduction in 2020 and another deduction of up to... Read More →
[Update] $600 Stimulus Deposits Are Now Being Sent Out
Update 1/8/21: Debit cards are being sent out in the coming week to those who have not yet received their stimulus payment, per a new IRS press release. You might get a debit card payment even if you got a check the first time, and vice... Read More →
Stimulus: Check Status Of Your Payment With IRS ‘Get My Payment’ Tool
The IRS launched today the ‘Get My Payment’ tool which allows you to track the status of your stimulus payment. Lots of people have already gotten their payments, but not everyone; use this tool to see when yours is coming... Read More →
Stimulus Round 2: Government to Send $600 To Most US Residents; $300 Unemployment Supplement; PPP Funding & More
(Update 12/27/20: The bill has now been passed after being signed into law by the president.) (Reposting 12/23/20: I’ve updated various parts of this post over the past days. Also added a link to a calculator to calculate your... Read More →