HomeFinanceMoney and finance news live updates: IRS letter 6475, claim $1,400, Child...

Money and finance news live updates: IRS letter 6475, claim $1,400, Child Tax Credit, tax returns…

Headlines

– A fourth stimulus check is NOT coming your way

– Bipartisan talks continue in Congress over the fate of the Child Tax Credit expansion 

 US GDP rose by 5.7% in 2021, the fastest rate of growth since the Reagan administration

– US unemployment falls to the lowest rate since the start of the pandemic at 3.9%

– President Biden on positive economic news: “We are finally building an American economy for the 21st Century

– It’s not too late to claim the full value of the expanded Child Tax Credit

– How long do you have to file your taxes after the start of tax season 2022 on Monday?

– Payment schedule for Social Security checks across 2022 released

– IRS boss Chuck Rettig warns of tax refund delays: “Avoiding a paper tax return is more important than ever this year”

 You can now use SNAP food stamp benefits in US restaurants 

 Thousands have their student loan debt cancelled after Navient agreed to a $1.85bn settlement across 39 states

Useful information & links:

Stimulus Checks

What was the date of the three federal stimulus checks sent out so far?

 Social Security beneficiaries could soon get a fourth stimulus check from the SSA

Child Tax Credit

Congress let the Child Tax Credit expansion expire in December, withdrawing payments for millions of families

Social Security

– How to calculate the full entitlement in Social Security benefits

– SSA announces payment structure for retirees?

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