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The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111–5 (text)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
The IRS is distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of ...
The Get My Payment tool operates like an application for your stimulus payment. You can access the tool on the IRS website. You will need to input your Social Security number, date of birth and ...
Authorized through the American Rescue Plan Act, the third stimulus payment of $1,400 was made available to eligible individuals and dependents. Couples who file jointly could get up to $2,800.
The Act also extends some provisions from the American Recovery and Reinvestment Act of 2009 (ARRA or 'the Stimulus'). The act also includes several other tax- and economy-related measures intended to have a new stimulatory effect, mostly notably an extension of unemployment benefits and a one-year reduction in the FICA payroll tax , as part of ...
Although the federal government has not revealed plans to issue any further stimulus checks, several states are issuing tax refunds to residents as a result of surplus budget funds in 2022.
Massachusetts has authorized stimulus payments that are expected to begin in November 2022. The refunds are estimated to be approximately 14% of a filer’s 2021 state income tax liability. New Jersey