Social Security recipients to get stimulus checks on April 7
About 30 million people who rely on Social Security have been angered by delays in the $1,400 checks.
Watch CBS News
About 30 million people who rely on Social Security have been angered by delays in the $1,400 checks.
If you filed taxes before Congress passed a law that exempted unemployment benefits, the IRS will automatically refund the overpayment.
A new report warns the backlog will have a "significant impact" on taxpayers.
"To me, 'shortly' is two to three days, not two weeks," one retiree said as he awaits the latest round of government cash.
Personal protective equipment to curb spread of COVID-19 also covered under flexible spending accounts, agency says.
After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.
Tax agency says many payments will be sent in the mail. Some Social Security recipients say they're still waiting.
Tax break was expanded through $1.9 trillion stimulus bill. But IRS is swamped with tax filings and stimulus checks.
This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.
Washington Post economics correspondent Heather Long joins CBSN's "Red & Blue" anchor Elaine Quijano to explain why millions of people who filed their taxes early are still waiting for their refunds, and how stimulus payments might be causing a delay. The IRS is delaying this year's deadline to May 17.
The IRS has pushed back the tax filing deadline from April 15 to May 17, giving taxpayers an extra month to file their returns amid the pandemic.
The IRS is planning to postpone its customary April 15 tax filing deadline until May 17 due to the challenges of the coronavirus pandemic for taxpayers and the IRS. CBSN's Tanya Rivero has the details.
The IRS is now starting to distribute the third round of stimulus checks, worth up to $1,400 per eligible adult and child. But the timing of getting a check may depend partly on a bank's policies, with some customers of JPMorgan Chase and Wells Fargo expressing frustration after the banks said the coronavirus relief payments won't be available until March 17. CBS Los Angeles reports.
Tax agency's backlog of unprocessed returns surged amid the pandemic, leading to a 50% spike in interest payments.
Americans may still have options if they didn't receive a payment in the first two rounds of emergency relief.
People whose income fell in 2020 or who had a baby may want to file quickly to ensure they get their full payment.
Residents and businesses in the storm-battered state will have until June 15 to file their returns.
This tax season, pandemic-related financial assistance could complicate things for millions of Americans. CBS affiliate WNEM-TV's Jamie Sherrod breaks down what's different.
Tax experts are suggesting that people file their 2020 tax returns as soon as possible this year in order to help make sure they receive as much as they're entitled to if Congress passes another round of stimulus checks. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
Sharp employment cuts at the tax agency over the last decade have resulted in jammed phone lines and refund delays.
Jackson Hewitt says as many as 13 million checks may have been sent to closed or invalid bank accounts.
Cards will be mailed in envelopes with clearer identification than those in first round, which some people threw away.
The IRS "Get My Payment" site is now operational, but some people are still left with questions about their $600 checks.
As IRS starts to distribute the emergency payments, experts urge consumers to be on guard: "This is Christmas for fraudsters."
Second federal stimulus checks are now hitting people's bank accounts, but some won't qualify for the payments.