Over the coming weeks and months, most Americans will receive a stimulus check from the federal government. This check is intended to help people struggling financially as a result of the COVID-19 outbreak, either to directly make ends meet or to shore up their finances for difficult times to come. The payments should arrive in the next month or two, though the legislation states that the IRS has until the end of 2020 to make sure that the payments reach everyone. Most people will receive the money via direct deposit, provided that they have direct deposit information on file with the IRS in order to submit or receive payments on their income taxes.
Let’s dig into the details of the stimulus check by first addressing the two biggest questions most people have and following that with smart ideas on how to use that stimulus money for maximum financial benefit.
Are you eligible for the coronavirus stimulus check?
If you are an American taxpayer who reported $75,000 … Read More