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Saturday, jun 15
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Don't Toss That Envelope From Omaha -- It Has Your Federal Stimulus Prepaid Debit Card
If a plain white envelope from Omaha, Nebraska arrives in the mail, don’t throw it away. It may be your federal stimulus payment. Last week, the IRS and U.S. Treasury Department began mailing Economic Impact Payments as prepaid debit cards. In addition to a P.O. Box in Omaha, the return address says the letter is from "Money Network Cardholder Services." Nearly 4 million Americans waiting for their slice of the $2.2 trillion CARES Act are expected to get their stimulus money in the form of an EIP Card, as opposed to a paper check signed by President Donald J. Trump. The trouble is, th…
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Stimulus Checks: How Much You're Getting
Now that Congress has approved the $2.2 trillion stimulus package, you may be wondering what your cut will be. We’ve tried to simplify it for you. The IRS is doling out the dough to an estimated 125 million Americans. The money will come in the form of a check -- or direct deposit, if you’ve signed up for it with the IRS on your federal tax returns. Your income level will be determined based on either your 2019 tax returns, if you’ve filed, or your 2018 returns if you haven’t. Q: How much will you get? A: Here goes: If you earn no more than $75,000 a year in gross adjusted inc…