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The Internal Revenue Service has provided an update on the first two rounds of Economic Impact Payments, as discussions continue over the prospect of a third.
As tax filing season gets under way, here's the lowdown on whether the stimulus payments you received last year will be counted as taxable income—and how to claim any stimulus money you're still owed when you fill out your return.
Dozens of taxpayers in Colorado have received false delinquency notices from the IRS due to the agency's slow processing.
The extension is just the latest in an ongoing 2019 legal battle between Trump and House Democrats in control of the Ways and Means Committee.
The start of the 2021 tax season will be delayed until February 12 because of the coronavirus pandemic.
About 8 million Americans are expecting to receive their second round of $600 payments as prepaid debit cards mailed to their home address, instead of a paper check.
Those receiving a stimulus payment will receive an email from TurboTax to confirm it's on the way, according to the tax-filing software company.
Payments of up to $600 per eligible individual are being sent out, with recipients getting them through direct deposit, checks or pre-paid debit cards.
"The 'please wait' message is a normal part of the site's operation," the IRS said. "We encourage people to check back later."
The payments started being issued last week, with recipients now able to receive updates on their status.
The IRS has said it is already sending out the payments of $600 to eligible adults, but its portal tracking payments is being updated.
The Internal Revenue Service and Treasury Department have started to send the money approved by Congress and signed off by the president, as lawmakers continue to wrangle over whether payments should be boosted.
The Internal Revenue Service (IRS) issued a warning over Twitter on December 1 urging people to stay alert of new text scams.
While lawmakers wrangle over a fresh relief package and the prospect of a second stimulus payment, some Americans are still waiting for their first check.
"I'm not going to turn a blind eye on this," GOP Senator Ron Johnson said. "We'll keep digging."
Tax experts say the IRS doesn't have the "bandwidth" to track down the relief money, much of which was sent to ineligible foreigners alongside President Trump's signature addressing, "My Fellow American."
Despite bipartisan calls for such payments, it appears increasingly unlikely they will be delivered prior to Election Day on November 3.
"We will not hesitate to prosecute the smartest guys in the room," said U.S. Attorney David L. Anderson.
President Donald Trump has indicated a willingness to sign a standalone bill granting more Economic Impact Payments, although time is running out for people to receive them by November 3.
A date for nearly 9 million people to register for Economic Impact Payments has been moved to November, with the cut-off previously having been October.
Millions of people who did not file tax returns in 2018 or 2019 may be eligible for payments under the CARES Act.
While Trump's net worth is estimated to be about $2.5 billion, Biden and his wife are worth approximately $9 million.
"It is inexplicable that the agency waited so long to reach out to this vulnerable population," Congressman Richard Neal wrote.
President Donald Trump said he will make the payroll tax cuts permanent if he wins re-election in the November election.
The IRS will mail letters to Americans who have yet to receive a stimulus check later this month with instructions on how to claim the funds.
Congressional lawmakers are expected to resume negotiations when they return to Capitol Hill after Labor Day.