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Under the $1.9 trillion American Rescue Plan, the Internal Revenue Service and U.S. Treasury announced via their latest update that one hundred fifty-six million coronavirusstimulus checks have been disbursed to cash-strapped Americans.
While millions of Americans already have seen the payments direct deposited into their respective accounts, there are still plenty of financially struggling taxpayers who have been left on the sidelines. For those who fit into this unfortunate category, keep in mind that they can still try to claim the money that they’re legally entitled to from the U.S. government. For this particular tax season, a Recovery Rebate Credit has been added to all returns, so that people mired in this situation can eventually get their hands on the overdue payments. ....
Updated: 11:42 AM EST Jan 21, 2021 Asa Aarons Smith For many, it s not just a stimulus check. It s survival money. We need this for groceries, said Loretta Akin of Hilton Head.Some people have already stretched their existing credit cards to the limit. Considering high-interest rates and other charges, this is a dubious solution.You may want to think about looking into alternative banks.These financial technology companies promise to help their members avoid bank fees, save money and improve their financial fitness. Born from the growth of internet commerce, these digital banks operate online without branch offices. One that s its name One contacted us to say it might have solutions for some of the people caught in the stimulus squeeze.The company s Chief Marketing Officer, Meg Sloan, explained. Our founder and CEO Brian Hamilton came from a family that was surviving paycheck to paycheck, and he felt like the current structures and the way tha ....