budget, investment, savings, taxes
The New Stimulus Payments—What You Need to Know
On December 26, 2020, the U.S. Congress passed a bill authorizing additional Economic Impact Payments (EIPs)—also known as stimulus payments—to many Americans to help them pay expenses during the COVID-19 pandemic. Following are a few key points to keep in mind if you think that you may be receiving a stimulus payment in coming weeks. Please visit the government website, irs.gov, for more detailed information, which will be updated as new information becomes available.