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Was That Taxable? Tax Filing Season Is Around the Corner
Income tax filing season is right around the corner and there were a few things that happened in 2020 that may alter your tax liability. “Because of the stimulus payments, because of the COVID-19 relief for small business owners, and unemployment. I think this is the year that if you typically do it yourself that you may want to hire…
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Your Tax Liablity May Have Changed in 2020
With stimulus payments to unemployment and other pandemic-related changes, you will have to double check your tax liability for 2020.
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Filing 2020 Taxes Will Be Trickier For Many Due to COVID. Here's What to Know
Questions about unemployment, working from home and stimulus payments have left Americans wondering how this will impact any refund they may be owed.
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Imperiling Quick $1,400 Checks, Moderate Republicans Push Back on Biden's Economic Plan
Key moderate Republicans in the Senate dismissed quick action on President Joe Biden’s top priority of a $1.9 trillion economic package, indicating that the $1,400 stimulus payments he requested could take months, or never arrive, NBC News reports. Democrats need to convince 10 Republicans in the Senate, which might require asking for less funding than Biden initially requested, or bypassing the 60-vote...
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The Hefty Price Tag on Biden's Stimulus Plan Is Worth the Cost, Says Economist
President-elect Joe Biden is hoping to jump-start the economy with his sweeping $1.9 trillion American Rescue Plan. Morning Consult economist John Leer joined LX News to make a case for why it’s worth it for the U.S. government to pass a costly relief bill and avoid catastrophic long-term consequences of the pandemic.
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State Officials Warn About Potential Stimulus Check Scams
As many Connecticut residents begin to receive their second round of stimulus checks, state officials are warning about potential scams.
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State Officials Warn of Potential Stimulus Check Scams
As Connecticut residents begin to receive the second round of stimulus checks from the federal government, state officials are warning people to be careful of potential scams. Attorney General William Tong and Department of Consumer Protection Commissioner Michelle Seagull offered tips to residents on Friday: You will never be asked by the federal government to pay money upfront for a…
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Tips to Spruce Up Your Home and Cut Clutter for a Fresh Outlook in 2021
Do you love it, think it’s beautiful, or does it help you in any way? If not, it’s just cluttering up your life, says designer Sarah Richardson. The HGTV host and producer shares some tips to reorganize your home as you set the scene for a new year.
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GOP Rebuffs Trump on $2K Aid, Defense as Congress Wraps Up
The Senate has wrapped up a rare New Year’s Day session with Republicans rejecting President Donald Trump’s demand for $2,000 COVID-19 aid checks
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Trump Push on $2K Checks Flops as GOP-Led Senate Won't Vote
Senate Majority Leader Mitch McConnell has all but shut the door on President Donald Trump’s push for $2,000 COVID-19 relief checks
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Is $600 Enough for Americans? CT Families, Economic Experts Weigh In
Is $600 enough? It’s the question that many people are facing now that the second round of stimulus checks are being rolled out. Federal lawmakers approved the $600 stimulus after months of back and forth. “You think about the unemployed, you think about rent needing to be paid, groceries, childcare,” said Jessica Nunez, a mother and entrepreneur. “What is $600…
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CT Reacts to New Round of Stimulus Checks
A new round of stimulus checks are beginning to go out and Connecticut residents are reacting and experts are offering tips on how to stretch the money.
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When Do I Get My Stimulus Check?
After much back and forth, President Trump signed a new coronavirus stimulus package Sunday night that will provide a second round of stimulus checks to many Americans. But when, and how, and how much, can be confusing. This is the latest information, as of the afternoon of Dec. 29. Q: When do I get my check? A: The Treasury Department…
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Unemployment, Working From Home: How the Pandemic Could Impact Your 2020 Taxes
It’s the time of year to start thinking about taxes — but the upcoming filing season is going to be a bit trickier for many Americans due to rampant unemployment, working from home and general upheaval due to COVID-19.
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These Are the Protections and Benefits Set to Expire Before the End of the Year Without a Second Stimulus
With the current coronavirus relief package, called the CARES Act, set to expire between Christmas Day and New Year’s Day, a number of protections and benefits are set to end unless a second coronavirus stimulus package is passed. They include unemployment aid, cash for cities, and provisions for small businesses.
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Hunger and Poverty Are Rising as Coronavirus Stimulus Package Talks Drag On In Congress
LX News speaks with Bread for the World’s Heather Taylor about the state of food insecurity and poverty in the U.S., which have been rising as congressional negotiations over another stimulus package continue to drag on without action.
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Unemployment Benefits? Stimulus Checks? Aid Measures Are in Limbo as People's Bills Are Still Due
Oct.1 is around the corner. And even though millions of Americans are living without a steady paycheck amid the pandemic, the bills are still due. Making the situation worse is that fact that Congress hasn’t been able to reach a deal on another stimulus package, leaving extra unemployment benefits and a second round of direct cash payments in the...
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How Americans Spent Their Stimulus Checks
As Democrats and Republicans in Congress and the Trump administration debate what financial aid should be included in the next coronavirus relief bill — or if there should be another relief bill at all — recent data from the U.S. Bureau of Labor Statistics sheds light on how the 159 million Americans who received the one-time stimulus checks earlier this year spent the...
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Republicans Settle on $1 Trillion Coronavirus Relief Bill
Republican Congressional leaders and the White House have reached a tentative deal Wednesday on a $1 trillion coronavirus relief package, separate from the Democrat’s $3 trillion bill. The deal reportedly includes another round of direct payments to Americans, plus $16 billion in new money for coronavirus testing, something President Trump opposed.
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Why Now is Not the Time to End Extended Unemployment Benefits
Michele Evermore, senior policy analyst with the National Employment Law Project, talks about the impact of the federal stimulus checks amid pandemic and how the economy could further tailspin if the assistance package isn’t extended by Congress.