Americans make plans to use 3rd round of stimulus money as payments begin arriving
The third round of stimulus money is expected to arrive in bank accounts as soon as this weekend, and some people have already received their payment. Many people told News4Jax that they’re either going to use the money to pay bills or put it into savings. Adult dependents were not eligible to receive payments in the previous two rounds of payments. The payments start declining for an individual once adjusted gross income exceeds $75,000 and go to zero once income hits $80,000. She said this stimulus money will help her make some extra money during this pandemic.
Northeast Florida residents relieved $1,400 stimulus checks will go out soon
Based on how quickly stimulus payments have reached bank accounts after other relief bills passed, the $1,400 payments could start to show up next week. Since it’s been expected the American Rescue Plan would pass, News4Jax on Wednesday asked people in Northeast Florida how they plan to spend their stimulus checks. It was hard.”AdAnd while the $1,400 stimulus payment for Rolle will be used to catch up on bills, mother of two Tonetta Lane-Bynes said she will use the stimulus money to prepare for a rainy day. “What we’re going to do with the stimulus money is really save it,” Lane-Bynes said. “We’re building a house, so I’m putting it to our house,” said resident Jean St. Pierre.
Should you claim your stimulus pay on your taxes? And other FAQs
Given the pandemic, it’s fair to wonder how factors such as stimulus payments and Paycheck Protection Program loans could impact your filings. Below you’ll find a brief Q&A with Thomas explaining what you need to know:Do you have to claim your stimulus claims when filing your taxes? AdDoes the IRS look at stimulus payments as income? If unemployment compensation was received last year, you definitely want to include that on your tax return. Lawson hosts virtual roundtable on taxesIf you have additional questions about your taxes, stimulus payments and Paycheck Protection Program loans, you’re in luck.
Sen. Rick Scott votes against $900B COVID-19 relief package
(AP Photo/Manuel Balce Ceneta)There was minimal opposition when the U.S. Senate passed a $900 billion economic relief package Monday night, but one of six senators to vote against the spending bill was Florida Sen. Rick Scott. “I supported and fought for many of the Covid provisions in last night’s bill,” Scott tweeted Tuesday. “Unfortunately they were attached to an omnibus spending bill that was thousands of pages long and chock full of handouts to special interests and wasteful spending. Unfortunately they were attached to an omnibus spending bill that was thousands of pages long and chock full of handouts to special interests and wasteful spending. Scott expressed support for provisions intended to help buoy small businesses, ward off layoffs and give more help to the unemployed.
When can you expect a stimulus check to arrive?
Lawmakers have finally reached an agreement on a second round of COVID-19 relief, which includes $600 stimulus payments for most Americans. Treasury Secretary Steven Mnuchin said those payments will begin going out via direct deposit next week. RELATED: Highlights of $900 billion COVID-19 relief, wrap-up billsSo, how can you tell if you qualify for it? The easiest way to think of it is, if you were eligible for the $1,200 stimulus payment earlier this year, you’ll qualify for a payment this time around. If you are already set up for direct deposits, Mnuchin says the payments will go straight into your bank account.
Are you owed stimulus money? Here’s how to claim it
JACKSONVILLE, Fla. – While the future of a second round of stimulus money is still up in the air, 567,000 Floridians have yet to claim their first round of stimulus payments. “It’s only one phone call away,” said Glorian Maziarka, an attorney with Three Rivers Legal Services, a nonprofit law firm that offers free legal services to low-income or elderly residents across Northeast Florida. “This financial help can make a significant difference for individuals and families facing financial difficulty due to COVID-19,” Maziarka said. Non-filers can sign up for their stimulus check at IRS.gov/EIP by selecting the ‘Non-Filers: Enter Payment Info Here’ option. “Instead, they will have to file a 2020 federal income tax return and claim a credit for the EIP there.”
Non-filers should expect a letter about their stimulus check, FTC says
You might be one of the nine million people getting a letter from the IRS letting you know how to register on their website to claim your payment by Oct. 15, 2020. If you get this letter from the IRS, it’s legit. Go only to the IRS’s real website at IRS.gov/EIP or call them directly at 800-919-9835 to register to claim your payment. But if someone claiming to be from the IRS calls, emails or texts about helping you get your stimulus payment, that person is running a government imposter scam on you. And be sure to tell the FTC if someone pretending to be from the government contacts you.
1 million Floridians are owed stimulus payments. Are you one of them?
JACKSONVILLE, Fla. – More than one million Floridians are owed a combined $750 million from the CARES Act, according to the Florida Policy Institute. The Treasury Department and IRS began sending those payments in April, and within two months they sent out about 159 million payments. They can easily register to receive their payments using a tool for non-filers on the agency’s website. If you don’t have to file and do not plan to file a 2019 tax return, you can use the IRS’ non-filer’s tool. People who fit that bill but haven’t gotten their payments can use the Get My Payment tool to check on the status of their payments.
City: 3,000 spots for $300 stimulus payments filled in an hour
JACKSONVILLE, Fla. The city of Jacksonville said 3,000 Duval County seniors and disabled residents applied for a $300 stimulus payment from the city within an hour of the application window opening Saturday morning. This round of assistance is part of the citys Senior and Disabled Financial Assistance Program, which will award financial $300 payments to 3,000 qualified residents who are 72 years old and up or receive Social Security disability benefits. Attention: All 3,000 spots for phase 2 of the Senior & Disabled Relief Grant Program have been claimed. Once there, look for the link to the Senior and Disabled Financial Assistance Program. Payment cards must be used like a credit card, so getting cash back isnt an option.
All 3,300 spots for Senior and Disabled Financial Assistance Program claimed
JACKSONVILLE, Fla. – All 3,300 spots for the Senior and Disabled Financial Assistance Program have been claimed, the city of Jacksonville said Saturday morning. In addition to all of the spots being claimed in less than an hour after enrollment began at 8 a.m. Saturday, the waiting list also filled up. At this time all 3,300 spots for the Senior and Disabled Relief Program have been claimed and the waiting list is full. Attention Local Media: all spots for the senior and disabled relief grant program were claimed in 55 minutes. At this time operators at 630-CITY are NOT adding more names to the waiting list.
Jacksonville to award $300 payments to seniors, those with disabilities
JACKSONVILLE, Fla. – Starting on Saturday, the city of Jacksonville will launch a program to provide stimulus payments to seniors who qualify and those with disabilities to help them make ends meet. Through the Senior and Disabled Financial Assistance Program, up to 3,300 residents will receive one-time payments of $300 that are intended to offset financial strain they’ve endured during the coronavirus pandemic. “The actions we’ve taken as a city to flatten the curve of COVID-19 were successful, but also placed a heavy burden on many throughout Jacksonville. The city said applications submitted through this program will be screened for accuracy and completeness before payments are sent out. “We recognize how difficult COVID-19 has been, especially for our residents on fixed incomes,” Councilman Aaron Bowman said.
3,300 Jacksonville seniors, residents with disabilities to receive $300
JACKSONVILLE, Fla. The Jacksonville City Council on Tuesday evening approved a new stimulus program to give some seniors and residents with disabilities extra money to help them through the economic strain caused by the coronavirus pandemic. The program for those two groups will give 3,300 people an extra $300. The city plans to roll it out soon but was still working on details as of Wednesday. In order to qualify, you must be over the age of 72 or considered disabled by the Social Security Administration. City staff hopes to have more information available by next week.
After website troubles, thousands of Jacksonville small businesses apply for stimulus relief
JACKSONVILLE, Fla. – Starting Monday morning, Jacksonville business owners whose operations were impacted by the coronavirus closures were able apply for a grant to help them get back on their feet. About $9 million is available for the grant program, which is funded by the federal government’s CARES Act. The link to apply for Jacksonville’s small business relief program wasn’t available until 9 a.m., but many small business owners like Darnell Bogins weren’t taking any chances so they logged on early. Our software support company is continuing to work on the issue blocking access to the Small Business Assistance Program registration. — City of Jacksonville (COJ) (@CityofJax) June 8, 2020To apply for the program, you will need to have an active account on the site.
Jacksonville giving $9M in stimulus relief to small businesses
JACKSONVILLE, Fla. – The city of Jacksonville is giving up to $2,000 to small businesses impacted by the coronavirus pandemic. “The actions we took as a city to flatten the curve of COVID-19 were successful, but also placed a heavy burden on small businesses and entrepreneurs throughout our community,” Mayor Lenny Curry said. While the application period does not open until Monday, small businesses are encouraged to create a MyJax business account before then. That website will be the same location where business owners can find applications for the relief program. Once on the site, follow the link for the “Small Business Relief Grant Program.”Eligible businesses can apply beginning at 9 a.m. on Monday, June 8.
Still waiting on your tax refund? Here’s what you should do
JACKSONVILLE, Fla. – While millions of people have received their federal stimulus checks, many are still waiting on their tax refunds from the IRS. It would be so rare because anything over 45 days, the government has to pay interest, and the government doesn’t like to pay interest,” said Wolf Retirement Navigation President Adam Wolf. The clock officially starts within 45 days of the return due date, which is now July 15 or the date the IRS approves your submitted tax return -- whichever date comes later. “If you have a refund coming back, they have to pay you within 45 days. The IRS website has a “Where’s My Refund” page with a link to “Check My Refund Status.” The IRS asks that you use this link before calling.
Some Jacksonville seniors, residents with disabilities could receive $300
JACKSONVILLE, Fla. Some Jacksonville seniors and residents with disabilities could receive a bit of extra money to help them through the economic strain caused by the coronavirus pandemic. The Jacksonville City Council is working on a new stimulus program for those groups that would give 3,300 people an extra $300. If approved, the city will take applications by phone, not in person, and a $300 check card will be issued and mailed to the home. The program still must be approved by the full council next week, which is expected to happen. The city would then send out information on how people can apply for the $300.
Don’t throw away your stimulus payment by mistake
That includes some who will receive their financial aid in the form of a preloaded debit card. That’s why the Federal Trade Commission published a recent blog post to shed some light on these prepaid VISA debit cards. These cards can be used at any business that accepts VISA debit cards. It’s worth noting here that the government will not contact you by phone, text or email about your EIP card. Those who have questions about their EIP cards can contact a 24-hour hotline by calling 1-800-240-8100.
You can finally call IRS about stimulus payments
This is the first time the IRS has made itself directly available to stimulus recipients since the historic stimulus package passed in March. Up until now, people were relying on news organizations for updates and the IRS website. News4Jax never reached an IRS representative through the hotline prompts, but two readers emailed us and said they were able to get through. Since I hadn’t received my payment, and the IRS website said it was mailed, they forwarded my call to an actual IRS representative. The IRS announced Monday at least 3,500 phone representatives are specifically tasked with answering taxpayers’ questions about stimulus payments.
Noon deadline to set up direct deposit for federal stimulus money
The IRS says anyone that falls into that category has until noon Wednesday to make changes online if they want to receive a direct deposit. Just go to the IRS’ Get My Payment page and tap the blue Get My Payment button to set up direct deposit. If the IRS already has your direct deposit information, you'll see a page giving you the status of your payment. Setting up your direct deposit by noon Wednesday is your last opportunity to get the stimulus payment quicker. News4Jax has received many emails and calls from people on Social Security and disability asking when they’ll get their refund.
Here’s who’s still waiting for stimulus money
That means the Internal Revenue Service didn't know her bank account number, shutting her out of the first round of payments. Nearly 90 million of the 150 million eligible for stimulus money had received their payment by April 17, according to the government's latest numbers. Some people have told CNN that the money was sent to closed bank accounts -- and that the bank transferred the money back to the IRS. Then, there are millions of low-income people who are not normally required to file tax returns that will have to take some action before receiving their stimulus money. The tool allows you to input bank account information for a direct deposit, or an address to receive a paper check.
Another round of stimulus payments expected to hit bank accounts no later than next week
JACKSONVILLE, Fla. – Relief is on the way for some people who are still waiting for their $1,200 stimulus check, specifically for those non-filers on Social Security or disability. The next round of money is expected to hit bank accounts no later than next week. If you already receive direct deposit from Social Security, veteran benefits or disability, the Internal Revenue Service now has your information. According to the U.S. Department of the Treasury, Social Security, survivor and disability non-filers will see their payments by May 5, if not sooner. If you are not signed up for direct deposit, stimulus checks have already started to go out.
Debate possible during local stimulus vote as one council member says it’s not enough
JACKSONVILLE, Fla. – A special meeting to grant some Jacksonville residents $1,000 for local stimulus relief may hit a couple of snags as a council member wants to see some revisions to the plan. Councilman Garrett Dennis said the requirements need to be loosened so more people qualify for the payment. Dennis is referring to the more than $160 million the city of Jacksonville received from the federal government’s CARES Act. An additional qualification requires the applicant to have lost at least 25% of their income due to the COVID-19 crisis. Information on how to apply for the stimulus is not available yet, but News4Jax learned applications will be available both online and by phone.
Timeline: When can you expect your stimulus check?
JACKSONVILLE, Fla. – While millions of people have already received $1,200 stimulus checks since they were already signed up for direct deposit, there are still another 70 million checks waiting to go out. The IRS will begin sending out the next wave of payments this week, based on people’s annual income (see the timeline below). In June, those making less than $100,000 annually can expect to receive theirs, followed by joint filers making less than $150,000 in July. RELATED: How to check the status of your stimulus paymentThe payments will continue in August. And finally in September, the final batch of checks will go out to the remaining joint filers whose combined incomes fall below $200,000 a year.
When will I get my stimulus check? & 8 other common questions
JACKSONVILLE, Fla. – News4Jax has been flooded with questions and concerns over viewers’ stimulus payments. What happens if I get the confusing error message “Payment Status Not Available"? RELATED | Those behind on child support might not see a stimulus checkWhat do I do if my check was deposited into the wrong account? RELATED | How to check on the status of your stimulus paymentWill eligible unemployed people get these stimulus payments? Here’s how you can get your stimulus check faster and electronicallyNon-filers can complete an application on the IRS website with simple information so the agency has the most up-to-date banking details on file.
Several online banking services crash as stimulus cash is deposited
Some details reported by CNET, an American media website that publishes news on technology and consumer electronics, were used in this report. Find that story here: https://www.cnet.com/personal-finance/online-banking-struggling-as-people-check-for-coronavirus-stimulus-checks/Dozens of financial institutions are reporting outages or issues for customers attempting to access online and mobile banking accounts. The trouble with banking services comes the same day the IRS released 80 million coronavirus stimulus payments of at least $1,200, Wednesday. Banks reporting outages included Chase, Capital One, PNC Bank, US Bank and Navy Federal, as well as the app Cash App. Web outage monitoring site Down Detector also shows a spike in outages for these and other online banking services, like Walmart Money Card.
Legislation proposes paying Americans $2,000 a month
JACKSONVILLE, Fla. – Even as millions of Americans wait for stimulus checks, a proposal is being floated to pay them even more. The $2 trillion measure passed last month contained billions in financial aid for people and businesses hurt by the outbreak. Unlike the CARES Act, for instance, the bill would issue payments to college students and people with disabilities even if they are claimed as dependents. The new legislation would also take into account the number of people without bank accounts or physical addresses and issue payments through a range of ways such as direct deposit, checks, pre-paid debit cards and mobile apps. “Many Ohioans are just receiving — or about to receive — the first cash payment we passed in the CARES Act,” Ryan said.
How to check on the status of your stimulus payment
Stimulus payments were deposited Wednesday into 80 million accounts for people who have set up direct deposit on their paychecks. There’s some good news for those who haven’t yet received their stimulus payments: you no longer have to sit in front of your computer refreshing the website for your bank account. Then you should be taken to the screen that shows the status of your payment. So whether you think your payment was sent to your tax preparer or you’re just not sure where it is, the best resource is the IRS’ “Check your payment status” tool. Many said when they go to check their stimulus check status on the IRS website that they get a messaged that reads: “payment status not available.” The reasoning for that is unclear.
Man waiting for $1,700 stimulus payment sees millions in his bank account
(CNN) – The first federal stimulus payments are on the way to America and one northwest Indiana man got quite the shock when he went to the ATM this weekend. Charles Calvin is a volunteer firefighter in New Chicago, Indiana, and unbeknownst to him, he received his first stimulus payment from the federal government on Friday. “I went to the ATM at the Family Express and once I withdrew $200 out of my account I looked at the available balance still left in my account,” he said. On Monday morning, Calvin called his bank and they said they didn't see that amount in his checking account anymore. However, they did note that his $1,700 stimulus payment was deposited.
Everything we know about the timeline of stimulus payments
Americans are highly anticipating the release of the federal government’s coronavirus relief stimulus check, but the timeline as to when payments will be released has been unclear at best. One plan outlined the first wave of payments were going to be dispersed Thursday, but all indications thus far show those payments didn’t come. Treasury Secretary Steven Mnuchin has not given a specific timeline beyond the expectation that payments will go out “within three weeks". News outlets have reached out to the Treasury and IRS for comment on the timeline, but no spokespeople were available. What if you never received a direct deposit from the IRS?
Stimulus bill offers $600 a week to the unemployed for 4 months
In a historic expansion of unemployment insurance, the federal government would give jobless workers an extra $600 a week on top of their state benefits for four months as part of the $2 trillion stimulus deal lawmakers agreed to early Wednesday. However, several Republican senators raised objections Wednesday to the jobless benefits provision, saying it would provide larger checks to unemployed workers than they would receive in wages. Currently, state unemployment checks last up to between 12 weeks and 28 weeks, depending on the state. The bill also calls for allowing the jobless to receive benefits immediately, instead of waiting a week. The prior package also covers states' share of the extended jobless benefits program.
Under the stimulus deal, this is who would get checks
Lawmakers struck a $2 trillion stimulus deal early Wednesday that includes sending checks directly to individuals amid the coronavirus crisis-- but it will likely take until at least May before the money goes out. Qualifying income levels will be based on 2019 federal tax returns, if already filed, and otherwise on 2018 returns. The Internal Revenue Service has sent out economic stimulus checks before, and although those plans were slightly different, they can offer some insight into how long the process might take. To get the money to people who don't usually file tax returns, it might have to request that information from the Social Security Administration or Veterans Affairs. Later in 2008, after the economic stimulus checks were sent out, Olson testified before Congress, telling lawmakers that they should fund a new unit within the agency that would be dedicated to facilitating new and emergency initiatives.