Consumers are flooding the Better Business Bureau with calls about what looks like another stimulus scam. But it’s not a scam.
Author: Susan Tompor, Detroit Free Press
Stimulus checks: There’s a new round of scams, too. Here’s how to avoid them
Con artists are playing tricks on taxpayers, small business owners and others relating to COVID-19 economic relief, including new stimulus payments.
How to avoid losing unused cash in flexible spending accounts
The latest COVID-19 economic relief package addresses some potential changes for flexible spending accounts, which could help savers.
Your 2020 tax returns: New rule helps those who lost jobs in 2020 qualify for key tax credits
Many people who depend on the Earned Income Tax Credit may not realize that they now can use wages from 2020 or 2019 to calculate the credit.
Didn’t get your first or second stimulus? Here’s what to do if you must file a tax return for them.
The Recovery Rebate Credit will reduce how much you owe on 2020 income tax return or boost a tax refund that arrives sometime in March or later.
Lost a job? How to pay taxes on unemployment benefits
Unemployment benefits will be treated as fully taxable income when you file your federal income tax returns. Many states also tax jobless benefits.
Some Americans won’t see a second stimulus payment before tax time, IRS says
Many consumers expressed frustration over IRS tool and delivery of stimulus payments on Tuesday. IRS gives some answers.
Did the IRS send your second stimulus check to the wrong bank account?
Some taxpayers discover they might have to wait for a check in the mail or to file their 2020 returns before second stimulus mess is resolved.
Vaccine-fueled economic rebound expected in 2021
The economic outlook for 2021 remains optimistic but hinges on the success of the vaccine, according to experts.
Haven’t received your second stimulus yet? IRS says don’t call
Those who closed bank accounts might have trouble getting second stimulus checks quickly. But a glitch could be fixed by filing a 2020 tax return.