WOW RECURRING STIMULUS CHECKS UPDATE BREAKING NEWS $2400 Biden Executive Order Unemployment SSI SSDI

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WOW RECURRING STIMULUS CHECKS UPDATE BREAKING NEWS $2400 Biden Executive Order Unemployment SSI SSDI. Here’s your daily stimulus check, your second stimulus check, your third stimulus check, your executive action, executive order, memorandums, moratoriums, and stimulus package update for Thursday, January 28th, 2021.

If you never received either one of the $1,200 or $600 stimulus checks, you’ll likely have to wait until tax time to obtain your disaster relief funds.

Fortunately, some new tools have been created to help you determine how much money you’ll be receiving in stimulus funds, as well as when you can expect to see these stimulus checks finally hitting your bank account.

We’ve talked about the Recovery Rebate worksheet that you should file to make sure you get your stimulus funds on your upcoming tax return, and should claim the amount of your stimulus checks on Line 30 on your 2020 tax return.

A new stimulus calculator from Omni, which I’ll link in the description, will tell you just how much money you should have received on your first direct payment, and how much you’ll be getting from your second stimulus check payment.

If you never got your vital stimulus checks, make sure to pay attention to your tax return this year, and speak with a finance professional to ensure that you can finally get these much needed disaster relief funds.

Meanwhile, a leading economist recently made some very encouraging comments regarding America’s capacity to deliver more stimulus funds to struggling small businesses and Americans in need of fiscal support.

Vitor Gaspar, the International Monetary Fund’s fiscal affairs department director, explained: “the has ample room for additional federal stimulus and a very large capacity to act.”

He continued: “This Biden relief plan is a first stage of a broader strategy that includes medium- to long-term growth priorities, and public investment in infrastructure that will come later. We do believe that this sequencing is exactly appropriate.

As always, we love to listen to the economists on this channel, and this is yet another reason why we should trust the people that know money best to make sure that we get enough disaster relief funds to stimulate the economy and our personal finances.

Finally, a group of more than 50 progressive House Democrats have sent a strongly worded letter to President Biden, criticizing the one-time $1,400 stimulus checks and demanding recurring stimulus payments until we have crushed that thing out there.

Their letter states: “Recurring direct payments until the economy recovers will help ensure that people can meet their basic needs, provide racially equitable solutions, and shorten the length of the recession.”

The letter also said: “One more check is not enough,” and closed with: “We hope that you will consider recurring cash assistance when crafting your economic policy priorities moving forward.”

I completely agree with these Representatives, as recurring stimulus checks will allow people to more freely spend money if they know that they have more funds coming their way each week or month.

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