Showing 3 results for:
Popular topics
Since Donald Trump came out on top in the 2024 election, the news has been flooded with headlines about how the New York native plans to run the country during his second term. With another dramatic leadership shift from Democratic back to Republican, Americans are anticipating a lot of change to come. Despite the chaos that ensued during his first time in office, there seems to be one thing Trump had to offer that most everyone wants more of – stimulus checks. Per Fox 5 DC , there’s been a sudden increase in social media posts claiming American taxpayers in some states will receive $2,000 or more from the government. This isn’t the first time in 2024 these claims have circulated, and they only seem to be growing more popular in wake of Trump’s presidential campaign and victory. Internal Revenue Service Has No Apparent Stimulus Plans (Saul Loeb/AFP via Getty Images) As you might recall, during the COVID-19 pandemic, the IRS offered three stimulus checks to support taxpayers and keep...
At the top of their X profile, the official @IRSnews account has pinned a tweet advising Americans to be cautious while filing their annual return . “There are many different kinds of social media content,” they wrote, “including tons of misleading tax advice that can put you at risk.” Now, more than ever, it’s crucial to be diligent amid the endless scams and near-constant flow of fake news online. Currently, the rumored IRS $8700 stimulus check has people asking questions. Here’s everything we know about the situation so far: What Are Stimulus Checks? After a bumpy few years navigating the “new normal” following the COVID-19 pandemic , Americans have become familiar with stimulus checks. The idea behind them is to generate economic activity during times of strife. Thanks to bonuses from the government, consumers have more to spend without the stress of going into debt or dipping into savings. In March 2020, then-POTUS Donald Trump signed the Coronavirus Aid, Relief, and Economic...
Many of us who’ve weathered the pandemic-related economic downturn relatively well may have blown some or all of that money on impulse buys. It’s understandable both given the psychic toll of 2020 and the suspect spending habits many of us have. However, with additional checks likely on the way, it’s best to have a plan now for how you might spend that extra money. Here are five responsible ways to use that next stimulus check. Save your stimulus money Part of the reasoning behind the stimulus checks is that getting money into people’s hands will increase consumer spending and help prop up business revenue. However, while spending may be good for the country, it may not be the most prudent decision for you and your family. If you don’t have savings of at least $1,000 (or preferably three to six months’ worth of living expenses), stash that next check to be prepared for emergencies. Invest in stocks 2020 saw the major stock market indices hit historic highs, making many people...