The IRS received 100M calls last year. 1 in 4 got through
Sharp employment cuts at the tax agency over the last decade have resulted in jammed phone lines and refund delays.
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Sharp employment cuts at the tax agency over the last decade have resulted in jammed phone lines and refund delays.
About 965,000 people filed for jobless benefits in the first week of January, far higher than economists expected.
Jackson Hewitt says as many as 13 million checks may have been sent to closed or invalid bank accounts.
New devices, from work chairs with heat and massage to computers attuned to Zoom, may be next for remote workers.
Democratic sweep in the Georgia Senate runoff elections opens door for another round of stimulus checks.
Companies from Exxon to Facebook reconsidering their financial contributions to Congress following attack on Capitol.
Cards will be mailed in envelopes with clearer identification than those in first round, which some people threw away.
A surge in Tesla's stock price has vaulted the entrepreneur to the top spot, with a fortune worth $188 billion.
The IRS "Get My Payment" site is now operational, but some people are still left with questions about their $600 checks.
Second federal stimulus checks are now hitting people's bank accounts, but some won't qualify for the payments.
As IRS starts to distribute the emergency payments, experts urge consumers to be on guard: "This is Christmas for fraudsters."
The tax agency said it began distributing direct deposits Tuesday night, and will start mailing paper checks December 30.
The House voted to pass a bill that would increase the $600 checks to $2,000. But opposition in the GOP-led Senate seems unyielding,
President Trump's delay in signing the $900 billion stimulus deal raises questions about the timing of benefits.
Minimum wage hikes are spreading across the nation, even as federal baseline wage remains mired at $7.25 an hour.