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Tax rebates as part of the Economic Growth and Tax Relief Reconciliation Act of 2001; Tax rebates as part of the Economic Stimulus Act of 2008; First coronavirus stimulus (called "EIP 1" by the IRS), as part of the CARES Act, March 2020; Second coronavirus stimulus ("EIP 2"), as part of the Consolidated Appropriations Act, 2021 (Dec. 2020)
The IRS has made their official announcement of the dates for distribution of the economic stimulus payments, and has also made a calculator available to help you see how much you'll get. If you ...
The payment schedule was based on whether the taxpayer's 2007 tax return listed direct deposit information as well as the last two digits of the social security number of the tax return's main filer, with direct deposits being sent between May 2 and May 16, and paper checks being sent between May 16 and July 11. [8]
Stimulus payments were based on 2018 and 2019 tax returns and a drop in income from those years may mean you now qualify for the payments. Taxpayers who had significant life changes may also want ...
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010. [2]
For 2021 tax returns, the recovery rebate credit amount was $1,400 ($2,800 for married taxpayers filing jointly), plus an additional $1,400 for each qualifying dependent.
The bill was a counter-proposal to the American Recovery and Reinvestment Act of 2009 introduced by President Barack Obama. [1] HR 470 proposes to stimulate the economy without new government spending by implementing a permanent five-percentage point income tax cut for all taxpayers; it also would make permanent current capital gains and dividend tax rates at 15% (current law will allowing ...
Nearly 1.1 million more stimulus checks were disbursed this ... while those earning up to $80,000 will get a reduced amount. Joint filers making up to $150,000 will get the full $2,800, while ...