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The bill is signed and the federal trillion stimulus package is on the way.But many people are still confused and wonder if they will get a check for ,200.Here's what we do know about who will qualify for the stimulus funds laid out the CARES Act, as of April 8.Q: How will I receive my check?For those who received their last IRS tax refund via direct deposit, the money will go directly into their bank account.Those that received their refund the old-fashioned way, a check will come by mail. But that could take several months, the government says.The IRS is supposed to set up a portal on its website in the coming days, where anyone can update their bank account.Q: Will I qualify for a ,200 stimulus check?About 90% of adults should qualify for an initial ,200 stimulus payment, with a second payment possible later this spring. If they qualify:Individuals will receive a check for ,200.Married couples will receive a check for ,400.Each dependent child will receive 0 (payable to their parents). If your child is a college student who works a job, the rules are still murky as to who gets the check.Q: Who does not qualify for a check?High-income individuals will not receive a check.Benefits will phase out starting at ,000 in Adjusted Gross Income.Singles earning more than ,000 (Adjusted Gross Income) in 2019 will not receive any check.Married couples earning more than 8,000 in 2019 will not receive any check.Q: What if you owe back child support or back taxes?Right now, it does not appear the government will take anything out of stimulus checks for unpaid taxes or other government liens.However, the Wall Street Journal says back child support will likely be taken out of checks.Q: What if you get Social Security and do not file taxes?Seniors on Social Security and younger people on disability will now qualify for a check automatically.Those that receive Social Security do not have to file any tax forms, and the check will go to the same bank account (or mailbox) where they receive monthly benefit checks.However, younger people with very little income and not file taxes must have filed taxes last year or this spring in order to receive a check. That check will be based on your 2018 or 2019 tax return. So younger people must file a 1040 this spring, or the government has no way of knowing if they qualify.Q: What if some of your income is unreported cash?That should not affect the checks, as they are based on the last tax return a person has filed.Q: When will I receive my money?Congressional leaders hope to have the first checks heading to bank accounts in the next week or two. However, if the IRS does not have a bank account number on file, it could be three months before paper checks arrive.As always, don't waste your money._______________________________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps"). 2917
The Alliance of American Football will suspend all operations effective Tuesday, according to multiple reports.The AAF is a first-year, eight-team professional football league that began play the week after the 2019 Super Bowl. All teams had played eight of their 10 scheduled regular-season games through last weekend. 331
The Hurricane Center said there is a 100% chance of a tropical depression forming in the Gulf of Mexico. They say by Thursday night it's forecast to become a tropical storm and by Friday it could form into a hurricane.Tropical storm and storm surge watches have been issued for parts of Louisiana.The governor of Louisiana declared a state of emergency on Wednesday ahead of the storm. 397
The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as 3 billion in lost revenue due to the collapse of air travel. Representatives of the airline industry group said Thursday after a working meeting in Singapore that the industry urgently needs help from governments in waiving some requirements and fees to alleviate the burden on struggling carriers. An earlier estimate just two weeks ago put the potential cost of the downturn in travel at less than billion. The group’s estimate reflects a scenario involving a 19% loss in revenues with extensive spread of the virus in markets that now have 10 or more confirmed cases. That reflects countries accounting for 80% of airline revenues. The biggest losses would be in the Asia-Pacific region, including China, which has by far the most cases of the virus. “This is a very serious cash flow shock,” said Brian Pearce, the IATA’s chief economist. “We are seeing this serious decline in bookings and revenues outside the Asia-Pacific now that it (the virus) has spread more widely.”The IATA officials said the consensus of experts was that air travel remains relatively safe and that there are no known cases of passengers spreading the virus while on aircraft. 1294
Tensions were running high outside of the Iraqi Consulate in Southfield, Michigan, Tuesday afternoon as it opened its doors to people who want to write and send condolences in the death of Iranian General Qasem Soleimani. Police were on the scene, protesters were too. There was no trouble in sight.The decision to honor the men labeled by the United States as terrorists caused the tension. Several people who are Trump supporters showed up with "Make America Great Again" hats and said they wanted their voices heard.The Consulate was open Tuesday from 2 to 5 p.m. and will be again tomorrow during the same hours. The country of Iraq ordered the Consulate here to open the doors and open a register of condolences. This article was written by Jim Kiertzner for 776