$1.9 TRILLION STIMULUS NEXT WEEK?! $1400 Third Stimulus Check Update BIDEN STIMULUS Unemployment

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$ Trillion STIMULUS NEXT WEEK?! $1400 Third Stimulus Check Update BIDEN STIMULUS Unemployment

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The IRS recently announced that they have handed out all of their “legally permitted” $600 stimulus checks.

This means that if you never received your second stimulus check totalling $600, you’ll likely have to wait until you file taxes to obtain your disaster relief funds.

The IRS claims that they have “delivered more than 147 million second-round stimulus checks, worth over $142 billion.”

If you did not receive your first, or second stimulus checks, make sure to file your taxes early this year, and claim a Recovery Rebate Credit for 2020 tax returns, which should be on line 30 of the 2020 Form 1040 or 1040-SR.

Meanwhile, US retail shopping increased a whopping during the month of January, thanks in large part to stimulus checks hitting bank accounts and Americans using the funds to stimulate the economy.

This is incredible news, as for the previous 3 months, retail sales saw consecutive months of declining figures, even during the typically busy holiday season.

Robert Rosener, senior economist at Morgan Stanley, explained: “It’s hard not to see a message here that the stimulus worked in January to support a turnaround after a decline in early winter.”

He continued that these positive retail numbers will: “firm up the growth trajectory” of the 1st quarter and provide some much needed fiscal support for millions of Americans.

As always, I agree with the economists, and think that these January retail sales are yet another reason why we need more stimulus funds and direct payment checks as soon as possible.

Finally, President Biden participated in a town hall meeting last night in Milwaukee, Wisconsin, and he made it clear that stimulus checks and more disaster relief funds are extremely important and on the way.

Biden explained last night: “Now is the time we should be spending. Now is the time to go big.”

With plans already in motion to craft his $ trillion stimulus package, President Biden is set to meet with labor leaders at the White House later today to discuss his disaster relief plan.

Much like myself, Biden is also trying to move on from the craziness of 2020, stating: “The next four years, I want to make sure all the news is the American people. I’m tired of talking about Trump.”

Hopefully Biden can get Congress to complete a full draft of the upcoming stimulus bill before the end of the week, so that the House and Senate can approve the funds next week and we can get our much needed disaster relief funds sooner rather than later.

#stimuluscheck #secondstimuluscheck #thirdstimuluscheck

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