Democrats encourage early tax filing for stimulus check qualification - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Canada News News

Democrats want people who lost income to file their taxes early so they qualify for more relief, including bigger stimulus checks

There is mounting concern among experts that many people could receive less in federal aid under this latest stimulus package than they are eligible for. Congress will likely settle on allowing the IRS to use either 2019 or 2020 income tax data to determine relief eligibility. Some people whose income was lower last year but has not yet been reported to the IRS could be left out of relief.

As of now, Biden's proposal would provide a $1,400 check to individuals earning $75,000 and under, along with couples making $150,000 or less.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Was is yesterday?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »