My CFO on the Go!

The IRS Stimulus payments are going out. Most single people are getting $600, married couples are getting $1,200 and there is an extra $300 per child under the age of 17. So a married couple with 2 children can expect a stimulus payment of $1,800. If you were expecting your stimulus payment by direct deposit you should have it by now. Paper check payments are being mailed weekly according to the last two digits of the primary filers social security number. You can look at this schedule of stimulus payments to see when you should expect your check. But not everyone is getting what they expected, and some people are surprised to find that they are getting nothing! Here are some of the reasons why your tax stimulus payment may be delayed or missing.

You may not have gotten the full amount of your payment because:

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Have you heard the ad on the radio? You know, the one with the kid talking with the cute lisp about her Dad’s used car lot? Or how about the yellow page ad, the one with the picture of the dentist and his family? Do the used car salesman and the dentist think that using their children in their ads will help bring in business? Or maybe the reason they have their children in their ad is because they have a shrewd tax adviser?

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