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Friday, April 19, 2024

Now that you've received your economic impact payment, how should you spend it?

Credit: ABC 2 News WMAR
Duration: 02:45s 0 shares 1 views

Now that you've received your economic impact payment, how should you spend it?
Now that you've received your economic impact payment, how should you spend it?

According to the Treasury Department, millions of Americans should've received their economic impact payments from the IRS.

BE GIVING THE ━━S MONEY ONTAX DAYAMERICANS RECEIVED PAYMENTSFROM THE AGENCY.

WMA━2 NEWSMALLORY SOFASTAII HAS TIPS ONTHE BEST WAYS TO SPEND YOURECONOMIC RELIEF PAYMENT..

ANDWHAT TO DO IF YOUWAITING FOR MONEY.TAX DAY WAS PUSHED BACK TOJULY 15THALREADY FILED THEN YOU MOSTLIKELY RECEIVED A CORONAVIRUSRELIEF PAYMENT FROM THE IRS.THATSTARTED WITH THE PEOPLE WHOSEBANKING INFORMATION THEYALREADY HAD ON FILE.

A PAYDAYTO HELP ANYONE HURTINGFINANCIALLY FROM THE PANDEMIC& MILLIONS RECEIVED UPWARDS OF1━ HUNDRED TO 2━ HUNDREDDOLLARS FROM THE IRS WITH NOSTRINGS ATTACHED.

BUT BEFOREYOU SPEND THAT MONEYCHECK THAT ITACCOUNT John Bratsakis,President/CEO M|DC CreditUnion Association 1:40 therecould be a hold by aninstitution JOHN BRA━SA━KISSTHE MARYLAND DC CREDIT UNIONASSOCIATIONSURE THE MONEY CLEARS... THENBEFORE SENDING IT ANYWHERE &JB: 1:05 Prioritize where youneed the money the most.

FOCUSON THE ESSENTIALSAND MEDICINE..

AND BILLSYOUJB: 3:17 If youhaving challenges during thistime they are deferringpayments for your mortgages,auto loans, for differentthings, you just need to pickup and have thoseconversations IF YOU DONNEED THE MONEY RIGHT NOW..PREPARE FOR A FINANCIALHARDSHIP IN THE FUTURE..

SUCHAS LOSING YOUR JOB JB: 4:31 Wealways talk and discuss andrecommend people have at least3 months worth of savings incase of a situation like thisAND IF YOUTO BE FINANCIALLY SECURE..THINK ABOUT SUPPORTING SMALLBUSINESSES OR MAKING ADONATION.

FOR THOSE WHOQUALIFY FOR AN ECONOMIC RELIEFPAYMENT..

AND ARE STILLWAITING..

YOUMANY RECEIVED THIS MESSAGEWHEN TRYING TO CHECK THEIRSTATUS ON THE IRSONCE YOU GET THROUGH YOU CANINPUT PAYMENT INFORMATION TOGET YOUR MONEY BY DIRECTDEPOSIT.

IF YOU ALREADY FILEDYOUR 2018 OR 2019 TAX RETURNSAND PROVIDED BANKINGINFORMATION..

YOU DONTO DO ANYTHING.

SAME FORSOCIAL SECURITY RECIPIENTS.THOSE WHO DONTAX RETURNS AND QUALIFYTO FILE A SIMPLE TAX RETURN ONTHE IR━━SDOESNINFORMATION AND YOU DONPROVIDE ITCHECK IN THE MAIL..

BUT THOSEHAVENEVERYONE WHO RECEIVED APAYMENTNOTICE IN THE MAIL FROM THEIRS LETTING YOU KNOW WHEREYOUR PAYMENT WAS SENT AND INWHAT FORM.

IF YOU CANTHE MONEYPROVIDE CONTACT INFORMATION INTHAT NOTICE.

AND ALL OF THISINFORMATION PLUS ANSWERS TOOTHER QUESTIONS IS ON IRS DOTGOV SLASH CORONAVIRUS.REMEMBER THE ━━ S WONCALL, TEXT, OR EMA

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