The Internal Revenue Service issued 12 million tax refunds to Americans who paid too much in taxes on unemployment benefits they received in the first year of the pandemic. The agency corrected 14 million 2020 tax returns related to unemployment compensation, resulting in $14.8 billion in refunds that averaged $1,232 each. The IRS started correcting the returns in May 2021. The IRS undertook the tax probe because the American Rescue Plan, which excluded up to $10,200 in unemployment aid from… Source link
Read More »Thousands with student loan debt are owed refunds — see if you qualify
Thousands with student loan debt are owed refunds — see if you qualify The very first COVID-19 relief bill, signed into law in March of last year, barred student loan companies from garnishing the wages of borrowers in default. But thousands still had some of their pay seized in spite of the moratorium, because of the government’s slow uptake in those early days of the pandemic. Well over a year later, nearly 11,000 of those borrowers are still owed refunds, according to information obtained… Source link
Read More »The IRS is paying out 4M surprise tax refunds this week — will you get one?
The IRS is paying out 4M surprise tax refunds this week — will you get one? Millions of Americans still reeling financially from the COVID crisis will be sent surprise tax refunds this week, the IRS says. Unexpected direct deposits and paper checks are scheduled to go out to people whose tax bills were reduced after they’d already paid them, thanks to a provision in President Joe Biden’s massive pandemic rescue bill from March. A windfall from the IRS might be just the cash infusion you need… Source link
Read More »New tax rule could mean bigger tax refunds for some families, but only if they’re savvy
TipRanks 2 “Strong Buy” Cannabis Stocks Showing Monster Growth Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And… Source link
Read More »Google offers refunds after smart glasses stop working
Image copyright North Smart glasses company North has told customers that their $600 (£460) purchases will stop working in a few days’ time. The Canadian company, recently purchased by Google, says its Focals glasses will cease functioning on Friday. From then, owners will not be able to use “any… Source link
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