‘We are looking at that issue, and the timing of those tax cuts, because we do want to boost aggregate demand, boost consumption, put more money in people’s pockets and that is one way to do it,’ he told ABC radio.

Since shelter-in-place rules were put in place, tens of millions of Americans have received the extra federal unemployment aid. With states providing between $235 and $1,220 per week in assistance, the additional $300 to $600 per week is a major component of many people’s financial lifeline. 

The number of people who are stuck in situation like these is increasing with every passing day. This is largely due to the crisis that we have noticed in the economy. Naturally, people are looking for ways in which they can reduce on taxes and handling situations like these on your own can become quite troublesome as you are not aware of all aspects of these complicated procedures. These companies can provide you with some good ways of getting IRS tax relief.

Fixed asset investment fell a less-than-expected 3.1 per cent in the first half from the same period in 2019, moderating from a 6.3 per cent decline in the first five months, while real estate investment growth also quickened to 8.5 per cent in June, thanks to the credit boost.

Greece emerged from a decade-long debt crisis in 2018 and was hoping for strong growth in 2020.

But the nationwide lockdown imposed in March to prevent coronavirus infections has turned those expectations upside down.

A big change in the HEALS Act is the adjustment of the FPUC, which was $600 a week in the CARES Act. It would drop to $200 per week through the end of September. Then starting on Oct. 5 — which is a Monday, the day unemployment funds are usually dispersed — the FPUC amount would be adjusted up to $500 to equal 70% of an individual’s wage when combined with the state’s weekly unemployment benefit. 

For every working individual if there is any primary responsibility, it’s none other than paying taxes in time. One must never ever ignore the duty of paying taxes if he/she wants to avoid legal complications. Some people have misconceptions regarding the IRS or Internal Revenue Service. Many working professionals think that they are the most stringent departments in handling tax complications. However, the truth lies somewhere else. If you are facing financial hardships and consequently you are not able to pay your debts, IRS can still reduce your outstanding amount. In fact, they might even forgive the full amount which was declared a debt. So, if you have plans for claiming Tax Debt relief program relief, the following points will help you:

Related stories

New stimulus check qualifications? Everything we know about the requirements right now

Senate HEALS Acts proposes new $1,200 stimulus check. Everything we know

How soon could the next stimulus check get to you? Here are some possible IRS payment dates

Next stimulus package: HEALS Act benefits go even beyond another payment

Is there a catch? 

There’s always a catch.