​ IRS Sent Out Another $500 Million in COVID-Related Relief Funds to Americans
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IRS Sent Out Another $500 Million in COVID-Related Relief Funds to Americans

Regan by Regan
November 3, 2021
in News
Reading Time: 1 min read
stimulus checks

twenty20

The IRS announced on Monday that it has recently issued hundreds of thousands more in Covid 19-related aid thanks to the America Rescue Plan signed last March.

The latest round of refunds amounts to more than a half-billion dollars.

Most Americans received relief in the form of a $1,400 stimulus check or the monthly issued advance child tax credit but according to 10tv.com the bill also forgave taxes on the first $10,200 in unemployment benefits taxpayers received in 2020.

The bill applied to individuals and married couples whose income was less than $150,000.

The IRS had to calculate how much taxpayers would get back because the exclusion was counted for most people who filed their taxes after the bill passed, as millions had already sent in their 2020 taxes beforehand March.

This latest round of 430,000 refunds totaled $510 million. The agency also revealed the average refund was $1,189.

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Regan

Regan

Blogging since 2006, Regan has written for numerous online publications including YoRaps.com, BallerAlert.com and her own online labor of love Honeygrip.com. In 2010, as her alter-ego Honeygrip, Regan was the gossip correspondent for controversial radio personalities Star & Bucwild. Each experience not only thickened her skin but it introduced her to a new passion, the new realm of ‘social media’.

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