How far can $600 stimulus checks actually go?
How far can $600 stimulus checks actually go? "Americans are waiting for final approval of the bipartisan $900 billion COVID-19 relief deal, which includes $600 individual stimulus checks. But the bill remains delayed as President Trump calls on Congress to increase the checks to $2,000 each. Stephen Gandel, senior reporter for CBS MoneyWatch, joined CBSN to break down the status of the economic relief package. "cbsnews.com
H-E-B customers can cash stimulus checks in stores for free, officials say
SAN ANTONIO – If you’re still looking to cash in your stimulus check from the federal government and don’t have a traditional bank account, H-E-B has got you covered. H-E-B stores are now offering free in-store check cashing of stimulus checks. H-E-B has also waived the card purchase fee and 60 days of monthly plan fees for H-E-B Prepaid cards that are purchased between April 1 and May 31, store officials announced on the store’s website on Thursday. To learn more about how to set up direct deposit for economic impact payments, visit the IRS website here. Stimulus payments sent to dead people must be returned, IRS saysCOVID-19, the respiratory disease caused by the new virus, stands for coronavirus disease 2019.
Stimulus payments sent to dead people must be returned, IRS says
(CNN) -- Federal stimulus payments sent to people who have died must be returned, the Internal Revenue Service said in new guidance released Wednesday. The IRS has to cross-check with another federal agency to get a list of the deceased. In that case only the portion of the payment belonging to the deceased needs to be returned, the agency said. The IRS started by sending money to those who had already filed a 2018 or 2019 tax return. The IRS has sent more than 122 million payments, for a total of $207 billion, since April 11.
Local financial expert discusses ways to get the most from your stimulus check
SAN ANTONIO – Many people are looking forward to a stimulus check from the federal government in the next few weeks. The checks are part of a multitrillion-dollar emergency stimulus package passed by lawmakers that is aimed at cushioning the novel coronavirus' impact on the economy. For detailed information about receiving a stimulus check, click here. If you don’t have a budget, create a budget, review your budget, see where you need to cut expenses,” Rucker said. COVID-19, the respiratory disease caused by the new virus, stands for coronavirus disease 2019.
Treasury Secretary says Americans can expect stimulus checks to be direct deposited within 3 weeks
(CNN) -- Treasury Secretary Steven Mnuchin said Sunday that Americans could expect checks from the historic $2 trillion stimulus bill to be direct deposited in their accounts within three weeks. Included are direct payments to many Americans, an unprecedented expansion in unemployment benefits and $350 billion in small business loans. Mnuchin told reporters at the White House that there will be a web-based application for those who don't receive direct deposit. Under the stimulus, individuals will receive up to $1,200 and couples will receive up to $2,400 -- plus $500 per child. The amount is then reduced by $5 for every additional $100 of adjusted gross income, and those making more than $99,000 will not receive anything.